Professional Liability Insurance is an essential coverage that your business may need in order to protect your assets from potential losses Errors and Omissions insurance is not only
needed for a professional service business but may also be necessary if you are regularly giving advice or recommendations
to customers, clients or another party. Law suits may arise from you or your employees
failure to render services properly. Included in this coverage is the full cost
of defending against a negligent claim made by a client. Losses from these type of claims can be in
the thousands and even millions for many business owners. You may already have a general liability insurance
policy in place but your business may still be liable for
the professional services that you offer. For example, a real estate firm in the Scottsdale
Quarter has obtained a business owners package policy but the realtors in the office are regularly
giving real estate advice to their clients. Professional liability is a must have for
this company and each of the realtors. There are many different types of businesses
that could need a professional liability policy included but not limited to: Lawyers, Salon and Beauty Services, Real Estate
Professionals, Consultants, Doctors, Contractors, Event Planners Engineers, Assisted Living and Staffing Facilities,
Technology or IT E&O, Home Health Care, Non-Profit or Corporate D&O I recommend discussing your professional liability
and other business insurance needs with a local insurance broker at Smart Move
Insurance in Scottsdale, Arizona. They are available online at smartmoveinsurance.com
or over the phone at 480-397-9525.