A look at why professional indemnity insurance is necessary for professionals and businesses of every variety.
If you are a professional of any type in the Clearwater area, professional indemnity insurance is an absolute necessity. This form of insurance provides protection in the event that a client files a lawsuit against you or your business. This can occur if the client feels your work proved insufficient, whether it is in the form of legal advice that did not work out or the results of a contract you drew up. The bottom line is if you are a professional or a business owner that offers services and/or advice to clients, professional indemnity insurance is absolutely essential.
Protect Against Claims
It is inevitable that conflicts will arise between service providers and clients. Disputes will occur even if you provide your best work. Perhaps a mistake is made that angers a client. Maybe the client is overzealous with their lawsuit. Either way, you need professional indemnity insurance to protect against such a claim. It will help right any wrongs that have occurred. Furthermore, this insurance will also cover the cost of legal assistance.
Insurance for Peace of Mind
Attorneys and professionals of all varieties should take out professional indemnity insurance even if they believe they will not need it. It does not matter if you are the best attorney in Clearwater. If a client perceives you have wronged them and a lawsuit is filed, there is a chance you will lose and be subjected to considerable damages. Opt for professional indemnity insurance and you will have no such worry. This is the safety net you need in the event that you face an illegitimate claim or those that are perfectly legitimate.
If you are interested in learning more about how we can help you protect what you have worked so hard for and get the lowest price on insurance, contact us today. Contact us at (727) 799-4321.