Professional liability insurance is vital for many businesses. Any business that provides a service for a fee should have professional liability coverage. At the Central Insurance Agency, an insurance agency in Smithtown, New York, we offer great professional liability coverage, perfect for any business. Keep reading to learn what professional liability insurance is and what it covers.
Professional liability insurance is a type of coverage that protects you against common claims if a customer files a lawsuit over a mistake or bad piece of advice given. This is a risk that can occur at any time in any business, so your company must have this type of coverage. Most professionals are required to carry it.
What Does Professional Liability Protect Against?
Professional Liability Insurance protects against important risks in your business. This insurance can cover the following types of claims:
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Breach on contract
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Negligence
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Failure to deliver service in a correct amount of time or to its fullest standard
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Errors or omissions
Who Needs Professional Liability Coverage?
Basically, any business that provides a service for a fee needs professional liability coverage. Many professional services face risks that need to be covered. These can include but are not limited to:
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Accountants
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Home Health Care Companies
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Engineers
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Real Estate Agents
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Consultants
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Alarm Companies
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Security Companies
Central Insurance Agency
Professional liability coverage is very important and can be provided by an insurance agency in Smithtown, New York, known as Central Insurance Agency. Get the needed coverage and help by visiting the Central Insurance Agency! Learn more on our website and request a free quote today!