Know Your Rights

Choosing Professional Liability Insurance

Professional liability insurance is an insurance that is taken out by people who work in certain professions that may be sued for negligence by their clients. This insurance is commonly taken out by lawyers, doctors and accountants among others. It helps you meet your expenses in civil cases but offers no protection if criminal charges are brought.

If you are looking for professional liability insurance then there are certain things that you need to be aware of. You will need to check that the level of cover is sufficient for your needs. Some companies may insist that you are insured to a certain level as a condition of your employment and if you do not have this insurance in place then you could be dismissed.

Different types of professional liability insurance are available depending on your profession and it is often worth choosing a company that specialises in your career. This should help to ensure that you have the right coverage and you will also be able to speak to specialist advisors when choosing your insurance product.

No one likes to think that they will ever make a mistake that will lead to them being sued but the truth is that it could happen. If you do not have adequate insurance in place then you would have to come up with some other way of finding this money and the figures have the potential to be very high.