Decisions, decisions. If you've made up your mind to buy professional liability insurance, request a quote. If you're nearly ready but want a few extra details about a policy through InsuranceBee, keep going.
1. We could save you money. Lots of it.
Or, to put it more bluntly, the insurance we sell might prevent you going out of business.
Professional liability insurance pays attorney's fees in defending you against a claim for negligence. That includes any compensation or your client's legal costs if things don't go your way.
This is important because:
- You have to defend yourself even if a claim against you isn't valid
- Plaintiffs often employ 'no win, no fee' lawyers, whereas defense lawyers get paid whatever the outcome (which is why they demand a hefty deposit)
- If you win, you're unlikely to collect on the losing party's legal costs
If that sounds complicated, it is. And the chances of being able to stand up financially to a big company's legal team out of your own pocket are very small. Because lawyers, as we all know, are really, really expensive whether or not you go to court.
So, when you think about it, the cost of insurance is tiny compared to what you might have to hand over. With a professional liability policy all you have to pay is the premium and the deduction.
2. We'll save you grief
A professional liability insurance policy evens the odds in your favor. It makes things fairer. And it puts a big organization on your side. Critically, it stops you being side-tracked from running your business and can compensate you for income lost on pursuing your case.
But the coolest thing is that a skilled negligence lawyer will look after you. Our insurance company lawyers deal almost exclusively with negligence lawsuits, so they are experts - which may not be true for your client's lawyer.
It's reassuring to know that most claims never reach court, so you're not put through that trauma - let alone the loss of your livelihood or personal assets.
OK, we're biased, but we think it's a no-brainer, whatever business you're in.
3.We know what we're doing
We have a team of friendly, experienced advisors ready to answer your questions and guide you through the professional insurance maze.
Every member of the team is qualified and licensed to deal with insurance in your state. That means you can be confident they'll know what you need and can take care of arranging it for you. They have your interests at heart.
You'll get their direct line phone number and email address too – no call center, no scripts, no confusing phone menus. Just how you like it.