Unfortunately an unhappy client could file a lawsuit claiming that you made an error or omission during the time you provided your services. While you may not be able to prevent these instances from happening you can purchase an insurance policy to help minimize your financial risk.
Professional liability indemnifies the insured for any loss sustained because of the failure to render professional services or advises. Clients that suffer a loss from services provided at your business will directly come after the professionals responsible. During the course of operating your business, you might find yourself in a lawsuit due to negligence, mistakes, or failure to deliver. A professional liability policy can cover your defence costs that occur from being involved in a lawsuit.
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