Protect Yourself and Your Personal Assets
In an increasingly litigious business environment, professional liability insurance, often called errors and omissions liability insurance or malpractice insurance, is a necessary component to any business’s risk management plan. It protects professionals against claims of negligence, professional fraud, or failing to provide professional services.
As the name implies, professionals are expected to act professionally and to deliver professional results. But sometimes, errors, omissions, or unintentional acts happen and when they do, you want to be sure that all you have worked for is not taken away by a law suit. Professional liability insurance from OneGroup gives you that peace of mind.
Who needs professional liability insurance?
Any professional who has clients or customers should have professional liability insurance to protect his or her personal and business assets. In some circumstances such as when acquiring or starting your business with a business loan, the lender may require professional liability insurance.