Professional Liability Insurance
As a professional or business owner, you put in countless hours providing the very best service possible to your clients and customers. You work hard and take pride in the job that you do. Unfortunately, despite your best efforts, you could be sued by an unhappy client.
Professional liability insurance protects you against these risks, ensuring that you don’t suffer the potentially massive losses that defending and/or settling a lawsuit can bring. Texan Insurance understands your business and will help you select the right amount of coverage, so you can go back to serving your clients with the peace of mind that comes from knowing that you’re covered.
The cost of professional liability insurance can vary significantly by profession, industry, and the specifics of the business.
Customer Benefits
Customers appreciate products or services that are tailored to their individual needs.
- Sustainability for a better planet.
- Time and cost savings for efficiency.
- Quality Health Insurance and Care
What is Professional Liability Insurance?
If you’re involved in a client service-oriented profession, you face the risk of a lawsuit if a client can allege that you made errors, omissions, or other mistakes in the service you provided that resulted in a bad result. Even if the lawsuit is ultimately deemed to be without merit, you could incur significant legal costs to defend your business. This insurance will pay for those legal fees as well as the cost of a final settlement.
Selecting and Purchasing Professional Liability Insurance
A Meriland Insurance reps are experts in professional liability insurance, and we’re here to help you make the best choice. We understand your business and its risk and will guide you to the right amount of coverage. We can then check your needs with several top-notch insurance providers, ensuring that you get the best value.
How Much Does Professional Liability Insurance Cost?
The cost of professional liability insurance can vary significantly by profession, industry, and the specifics of the business. An assessment of your business is required to provide an accurate quote, but a recent survey found that the average annual cost of professional liability insurance was around $140/month for a small business. The cost of professional liability insurance, however, is always much smaller than the thousands or even millions that just one lawsuit could cost.
