Professional liability insurance is a must no matter what profession you work in. Whether you are a designer, a consultant, an accountant or a realtor, you face risk. Bitacola will work to get you the right coverage.
Professional liability insurance, also known as errors and omissions coverage, protects you and your business from loss due to a service you provided, or from damages associated with negligence claims.
General Liability Insurance and Professional Liability:
This kind of coverage is essential for anyone in business and typically includes professional services, products, media and advertising such as:
Freelancers, consultants, designers, photographers, copywriters, engineers, architects, lawyers, realtors, accountants, massage therapists, hair stylists and more.
Other Options for Coverage include:
Commercial property: This protects you against loss, theft or damage to equipment, furniture or electronics due to natural disasters or unforeseen circumstances.
Cyber Insurance: In today’s day and age of data breaches and computer hacking, it is essential to protect yourself against loss. Cyber Insurance also covers the cost of assisting customers in the event their personal information has been stolen.
Business interruption: You need to protect yourself against fire, floods or damage due to natural disasters. This insurance will replace lost income and provide extra money so that you can stay at another facility while your building is being repaired.
What Determines Your Premium? There are numerous factors that influence your premiums, including your years of experience, your number of employees, annual and projected revenue, business size and location and both the industry you work in and the services you provide.