Most self-employed persons who provide a professional service should purchase professional liability insurance, also known as errors & omissions insurance. This type of policy protects you and your business from claims of negligence, misrepresentation, and errors or omissions.

For example, Sue’s a construction contractor. She helps her clients renovate their homes and does everything from kitchen remodels to basement apartment constructions. Sue’s renovating an investment property. There’s a hard deadline because the landlord already has tenants moving in on a specified date.

If Sue faces a sudden illness and can’t finish the project before the tenants move in, it might lead her client to a financial loss. The client may then file a lawsuit against Sue for compensation.

The right professional liability insurance protects Sue in this situation. It can pay for the legal fees and damage awards that remedy this ordeal. Sue then comes out paying little or nothing out of pocket.

A lawsuit from an unhappy client can create enormous costs. We’re talking about tens of thousands of dollars — maybe even more! But professional liability insurance is here to help. Click here to purchase your policy.