Professional Liability Insurance for Vermont Business
Everyone makes mistakes at times. However, when your company makes a mistake, you may find yourself in a Vermont courtroom being sued for the physical, medical, or financial damages that your error caused to a client. Professional liability insurance can help protect your company in the event of a lawsuit due to an error.
If your business relies on training and expertise to dispense advice, guidance, physical care, or other professional services, clients depend on and pay for your specialized knowledge. While you aim to provide the best service at all times, mistakes can happen and can be costly for your clients. Professional liability insurance helps to cover many of the costs associated with lawsuits and legal damages, to help your Vermont business survive these allegations.
Getting sued is an unfortunate and expensive event, requiring lawyers, expert testimony, lost wages, and legal fees. If you are found liable or admit your negligence or error, you may also have to pay damages to your client. These costs can quickly add up and cause significant losses for your business. Professional liability coverage can help pay these costs, making it an important policy for most service-based businesses in VT.