What is Professional Liability Insurance?
Professionals are expected to apply their expertise without error, and they may be held liable for any mistakes that are made. Professional liability insurance helps Vermont professionals protect themselves should they ever make an error in their work.
As a form of liability coverage, professional liability insurance frequently helps pay legal fees, judgements and settlements associated with covered claims. Usually, coverage is extended to qualifying claims even if a business is ultimately exonerated.
What Vermont Professionals Need a Professional Liability Policy?
Many Vermont professionals may benefit from having a professional liability policy in place. Insurance companies commonly offer policies for:
- Medical professionals
- Investment advisors
- Insurance agents
Almost any professional who offers advice to clients may be sued if they offer bad advice and therefore, might want professional liability coverage.