If you are in the market for a more affordable professional liability insurance policy then you have come to the right place. The expert insurance agents at Barbee Jackson Insurance are in the business of helping businesses like yours find affordable options when it comes to professional liability insurance. Whether you”re a seasoned veteran or a new upstart, Barbee Jackson will help you find the right policy the first time.
What Coverage Is Available With Professional Liability Insurance?
- Liability for those with special degrees and certifications
This type of insurance is meant to protect your small business from a lawsuit resulting from an unfortunate decision made by you or your staff. If you hold a professional designation such as a doctor, dentist, attorney, financial planner and etc. this type of coverage is essential to your insurance portfolio.
Being a professional in a given field means that you are held to a higher standard of knowledge about your craft than non-professionals are. When a client visits a doctor they have a reasonable expectation that the doctor has the appropriate knowledge to practice the type of medicine he/she advertises for.
This is the same for a dentist, financial planner, attorney and anyone else that holds a professional designation. If you hold one of these designations there may come a time when you make a mistake. For doctors the errors and omissions insurance is known as malpractice insurance. This is a form of errors and omissions insurance.
This particular type of errors and omissions insurance is in place to pay for damages to a client”s health, property, reputation, and etc. as a result of poor decision making or judgement by a business professional. It is easy to think of a scenario where a doctor or a dentist could cause personal harm to an individual as a result of a mistake.
These things can happen in many different professions. One of the duties of most financial planners is to advise their customers on purchasing life insurance. There have been situations in the past where a financial planner advises a customer to cancel a particular life insurance policy and purchase another.
In some of these cases the client would have been better off if they had stuck with the original policy. If it can be proven that the customer was given incorrect advice by a business professional that resulted in a loss of a monetary amount the professional”s errors and omissions policy could be used to pay for the client”s loss
- Errors and Omissions Liability for Licensed Individuals
This particular type of errors and omissions insurance helps those small businesses where there is not necessarily a degree or certification held by the business owner but there is a license held. Insurance agents, plumbers, electricians, beauticians, and etc.
All of these professions require a license. Even though a license is not held to the same rigorous standards as someone that holds a PHD or has passed the Bar Exam it still puts the business owner in the category of a specialist.
If you hold a license in a particular field you are expected to have a certain level of knowledge in the field that you work in. If you make a mistake that results in the damage to someone or their property you could still find yourself facing a professional liability claim.
Why Barbee Jackson Insurance for your Contractor”s Liability Insurance?
Expert Agents that understand the needs of small business owners
Fast, Accurate Quotes from the leading insurance providers
More Options by comparison, working with multiple insurance providers
Certificates of Insurance done fast and accurate to get you on the on the job sooner.
Customized Policies that meet specific industry needs and protect your assets
Barbee Jackson Insurance “Guarantee”
We offer a 100% FREE insurance evaluation. No risk or obligation! Our experienced staff is happy to review your current coverage and advise you on money savings ideas and coverage gaps that you may be missing.
Getting a FREE Quote is Easy
Each professional liability insurance policy varies greatly according to the type of industry you are in. It is important to work with an agent that knows your needs to match your business to the right insurance carrier. Fortunately, a Barbee Jackson Insurance agent can save you time and money by comparing options, limits, and deductibles. Do not make the mistake of thinking you have the best coverage available. Allow Barbee Jackson Insurance a chance to show you just how affordable the comprehensive coverage that you deserve can actually be. Barbee Jackson Insurance gives you unbiased advice with the coverage options you need.