August 2007

Professional Liability Insurance: Yes or No

Are you wondering if your business needs professional liability insurance? Ask yourself these questions:

• Do you market your services to your clients and potential clients as “professional services”?
• Do you advise clients to take action on the basis of your products or services?
• Do you hire staff based on professional credentials to perform services on your behalf?

Many businesses do not obtain professional liability insurance coverage for one reason: They do not believe their business needs the coverage. However, if you answered yes to any of the questions above, your business may be a candidate for this valuable coverage in addition to your current commercial coverage. A professional liability policy may offer defense for claims alleging negligence or damages to which your general liability policy does not apply.

Contact your agent for more information on the potential benefits of a professional liability policy.Professional Liability Insurance: Yes or No