Do You Need Professional Liability Insurance?

Are you a professional running your own business? You have probably put together a package of coverage that includes the general liability insurance NJ businesses should have, but have you considered the risks you may face without adding a professional liability policy to that package?

As a professional – whether you are in the medical, paramedical, legal or any other field where you are expected by your clients to have both the qualifications and experience to deliver the services they require – you could face claims of negligence if you fail to deliver. Worse, if you have a client who suffers a loss that is either personal or to their business, you could face substantial damages claims and/or a lawsuit that is expensive to defend. 

You should call your insurance agent to discuss the potential implications from claims of this nature. It isn’t just the financial loss you could suffer; there is a professional reputation you need to protect if your business is to survive in the long term. As a professional, your business is likely to be at least somewhat dependent on your professional standing within your industry. Adding professional liability coverage to your general liability insurance NJ could be the added back up you need to help ensure your long-term financial security.

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