Why is Professional Liability Insurance Necessary for Professionals?
Professional Liability Insurance is a type of insurance intended for professionals to protect themselves from unnecessary lawsuits or claims made by clients who are not pleased with the services they have gotten. If your profession is one that provides professional services to people, then it is vital that you have professional liability insurance as this will serve as your financial protection should you get sued. Individuals who need professional liability insurance are: Medical Professionals – doctors, physicians, nurses, dentists, physical therapists, occupational therapists, nutritionists, healthcare providers, veterinarians. Construction Industry – engineers, architects, designers, surveyors, real estate agents, general contractors, plumbers, electricians. Accounting and Financial Services – accountants, bookkeepers, tax preparers, accounting firms and agents. Others – IT professionals, lawyers, advertising agents, employment agents, brokers, insurance agents. There are actually 3…