If you are a professional who needs personal liability insurance, you should look for an error and omissions insurance company that specializes in offering this type of insurance. Different types of professionals and business owners have different needs which are unique to their line of work. Having the right insurance will ensure that you are properly covered in case a claim of negligence is raised against you. Before you decide to sign up for any policy, there are some factors that you must consider. Below are a few of them.
First of all, you should check with your State to see if the law requires professionals to carry professional liability insurance. Most States have a minimum requirement regarding the amount of liability protection professionals in different fields should carry. Some employers also demand proof of insurance before they can hire any person to work in their firm.
Secondly, you should look for an insurer who is able to cater for you specific insurance needs. This will ensure that you are properly covered in the event of any lawsuit against you. There are companies which specialize in offering liability protection for architects, others specialize in covering real estate agents and so on.
Thirdly, you should look at the extent of the cover provided in a policy. For instance, the coverage offered by the employer to the employees may not offer sufficient protection, it is therefore wise to get additional coverage that specializes on you.
Regardless of the line of work you are in, you can easily find an error and omissions insurance company that can cater for your insurance needs.