Southern Insurance Associates
by AJaye Brown on Jul 19, 2014
This form of business insurance appears under a variety of names because of the many different types of professions that need this type of coverage. Anyone from a home remodeler to a heart surgeon should consider purchasing professional liability insurance coverage.
A few specific types of this insurance are:
Others that may want to consider professional liability coverage include engineers, dentists, not for profit organizations, contractors and transportation businesses.
The most important reason to have the protection of professional liability insurance is unforeseen claims against you. If for any reason a client or patient feels wronged or harmed by your services, you can be at risk of a lawsuit. If you are covered by a reliable professional liability insurance company, and have set a coverage amount that is adequate for the risks you face, your personal assets are protected.
Another important reason why you may need individual professional liability insurance is if you are concerned that your company may not support you during the legal process. For example, if for any reason there is a conflict of interest, your company’s insurance policy won’t provide coverage. The costs of legal defense and possible settlement or judgment may then be taken from your personal financial assets.
If you maintain a standard of excellence within your business operations, you may feel that the extra cost for professional liability insurance isn’t worth the expense. However, service providers are often blindsided by lawsuits can bankrupt them or their company. A member agent in the Trusted Choice network can certainly help you to assess your needs and risks.
Professional liability claims range from simple errors to major snafus. For example:
Contact AJaye Brown with Southern Insurance Associates in LaFayette, GA today to discuss your Professional Liability Insurance risks and options today at 706-996-8788 or Info [at] SouthernInsuranceAssociates [dot] com
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408 N. Main Street
La Fayette, GA 30728
7579 Nashville Street
Ringgold, Georgia 30736
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