In the service industry, your professional reputation is everything. But even the most diligent service providers can face the risk of a lawsuit. That’s where professional liability insurance comes in. At M&K Dignum Insurance Agency Inc., we want to help Albany service providers understand the importance of this crucial coverage.
Understanding Professional Liability Insurance
Professional liability insurance, also known as errors and omissions (E&O) insurance, can protect your business if you’re sued for negligently performing your services, even if you haven’t made a mistake.
Why Albany Service Providers Need Professional Liability Insurance
From consultants to contractors, any professional who provides a service for a fee faces liability risks. A single lawsuit can cause significant financial damage and harm your business’s reputation.
What Professional Liability Insurance Covers
Professional liability insurance can cover the cost of defending your business in a civil lawsuit and certain damages awarded, even if the legal action turns out to be groundless.
Securing Your Business with Professional Liability Insurance
Professional liability insurance is a critical component of a comprehensive business insurance plan. For more information on how to protect your Albany service business, contact us at M&K Dignum Insurance Agency Inc. We’re here to help you safeguard your business and your professional reputation.
