What is Professional Liability Insurance?

Professional liability insurance is also called “errors and omissions,” because it’s designed to cover instances where your business commits an error or makes an omission. It covers the costs of a legal defense, settlements, and judgements from any client lawsuit that claims work was unsatisfactory. If your work causes financial damage to a customer, they may seek to recover those costs through legal methods.

What does Professional Liability Insurance Exclude?

Like all insurance policies, a professional liability insurance policy will have exclusions. However, that’s because a different type of policy would provide better protection.

Which Small Businesses Need Professional Liability Insurance?

While every small business owner should consider their risk exposure and potential need for professional liability insurance, there are some businesses and industries which are known to have a higher risk. It’s more likely that a client might sue over an error, or the government might pay closer attention to your activities. Businesses that provide services based upon specialized skills are particularly at risk. Clients hire you based upon the assumption that you have the skills to provide those services. While all humans make mistakes, clients generally don’t appreciate it when those mistakes cost them money.

What kind of insurance are you looking for?

Here at Insurance Professionals of Arizona, we pride ourselves on having different carriers to support your needs. Our company provides the needs for almost anyone who is looking for insurance. We are an Arizona insurance agency that has been helping our community for so many years and we want to help you as well. We provide help in multiple areas:

A professional liability insurance policy would cover claims related to any of these items:

Home
Auto
Life
Business Insurance

When is the right time to change your insurance?

Below you will find some ways for when to start thinking about changing your insurance provider. These are now all the ways possible, but a good jump starts for you to know when. We feel that customers do not get the opportunity to talk or be helped with this process. We want to help you from day one to make your experience great!

Renewal –

There are multiple times to start thinking about changing your insurance provider. Your insurance policy is up for renewal, is one. This would be great for an easy transition with another carrier. Most of the time you just receive your next bill and do not consider that maybe there is another option for you. We want you to be with the best Arizona Insurance agency that will provide some potential new price points or options for you.

Looking to save money –

We know that money-saving is on a ton of American’s minds. Saving a little bit on your insurance now can save for a trip. It can put you in a better position each month financially when you find the right provider. Our goal is to find you the best-suited provider for you. We have a simple solution in place to see if we can find you a better-suited company.

Bad Customer Service –

When is the last time your insurance company reached out to you? Who is your insurance agent’s name? We have felt that creating a bad experience for our customers has only made life worse for everyone. If we create a bad experience, after that, you will never want to be our customer. We make sure to be the answer to your questions. Creating an environment where our potential new clients and current clients feel welcomed with open arms. It is hard to want to stay with any company that provides bad service.

When Rates Increase –

Did you get in an accident and your rates just skyrocketed? They did not send you an update your insurance happened to be more expensive. You find out and they said you got in an accident so now you are more of a liability. This is not what you want from a company you have been working with. Rates do go up for other reasons, but the takeaway is a company explaining why and helping you out. This makes you feel as if you are being taken care of.

How we can help you?

Above all, we want everyone to give us a chance to be your Arizona Insurance agency of choice. We have multiple ways you can find out some new pricing for your insurance. On the front of our website, we have a compare my insurance. This will allow you to have some insights on your coverage versus what we could potentially get you. We also have a section that is an online quote generator. These tools are great to use when wanting to figure some items out on your own. We also love when you call in and speak to us personally to help you out. Our number is (480) 981-6338. We look forward to hearing from so many of you soon.

We’re here to help, as a result, Call us today.

480-981-6338