Carmel professional liability insurance is available for many different service providers, from attorneys to doctors to contractors, but the coverage a lawyer requires is much different from that of an engineer or architect. Insurance is not a one-size-fits-all industry.
However, every good policy should be written to include certain protections for your business. Your coverage should offer:
- Protection of your company’s assets and reputation
- Response after an allegation of negligence, even if the claim is meritless
- Defense coverage in the event of an allegation of negligence, to see the case through to the end
- A professional image that lets your business take on new clients that require specific coverage and limits for certain projects
Not every project your business takes on will require Carmel professional liability insurance, but you should not limit your insurance to what is required by clients. When you have a policy that takes care of a lawsuit in the case of a mistake or perceived error, you have peace of mind that your business won’t be devastated financially if you do have to pay for a defense of a lawsuit. Your insurance company offers many resources to put policies in place to reduce the potential of a claim. Working together you and your agent can make your business more stable and professional. It’s worth the investment.