If you are in an occupation that requires that you give clients expert advice or professional services, you may want to consider getting professional liability insurance in Austin, TX, or wherever you live. What does this particular liability insurance protect you from?
- Negligence: If you are sued due to giving bad advice or providing low quality services, this insurance can help pay your defense costs. Negligence can mean that you failed to give them certain advice, the advice you gave caused financial loss or the product you provided caused injury or didn’t perform right.
- Damages: If you lose your case, the insurance may help pay the damages that you owe to your former client. Depending on the professional liability insurance in Austin, TX, you may have to pay a deductible.
- Financial Loss: Because you won’t have to pay for the defense or damages out of pocket, you are saved from financial loss due to claims of this type.
- Reputation: Some policies will also help protect the reputation of your business during this type of trial.
No matter if you’re a lawyer, accountant, realtor, property manager, title agent or mortgage broker, you may want to consider getting professional liability insurance in Austin, TX. This insurance can help protect your business and the professionals that work there.