The increasing number of lawsuits against businesses and professional individuals has made professional liability insurance extremely important. There are many careers where professionals can be affected by these lawsuits such as architecture, engineering, accounting and legal. Whether you work for yourself, a firm or a company, you can save money and help your career with professional liability insurance in Carmel, Indiana.
Clients of all types may file lawsuits against you. The most frequent claims covered by professional liability insurance are negligence, misrepresentation, violation of good faith and fair dealing and inaccurate advice. These lawsuits can come from one of your products failing to perform properly and causing financial losses to the client’s company. They can also come from a client who is dissatisfied with services such as legal counsel or financial advice rendered by you or your company. Professional liability insurance is the only type of insurance that can protect against these kinds of lawsuits.
Some clients are unable to comprehend to complexity of your product or service and therefore are unable to have realistic expectations of the results. Because of this, you could face a lawsuit even if you didn’t make a mistake. With so many opportunities for potential lawsuits, you shouldn’t take any risks. Allow yourself the freedom to do your job without having to worry about lawsuits by getting professional liability insurance in Carmel, Indiana.