If your profession makes you an expert in a certain area, like medicine, law or real estate, you could be exposed to one or more professional liability risks. No matter how careful you try to be, we’re all prone to make mistakes – in our personal lives and at work. Professional liability insurance might protect you against claims of negligence, malpractice or misrepresentation.
Have a plan in place to reduce the possibility of making these mistakes on the job:
- Keep detailed project and client files
- Encourage honesty and openness from all of your employees
- Agree on expectations with your customers before work begins
- Make ethics a priority
- Stay within your area of expertise
Professional liability insurance may be customized to meet your specific needs. For example, in a typical business day a pharmacist faces different risks than an architect might face. But, both need professional liability insurance – customized to their unique risks.