Professional Liability Insurance: Who Needs It And Why

Many professionals can benefit from liability insurance. You can do your job properly and still face a lawsuit from a client or their relative. If you practice one of these professions, you should consider getting extra insurance coverage.

Doctors, Nurses, And Therapists

Medical professionals can be accused of malpractice. This can be very costly and time-consuming. Having your own doctor or nurse liability insurance can cover you in certain situations.

The Hartford has high-quality nurse liability insurance at rates nurses can afford, giving them help, support, and protection while they work. Without this level of professional liability insurance, healthcare workers face the full cost of getting sued on their own.

Attorneys At Law

Like medical professionals, many attorneys get sued for malpractice. Also, like medical professionals, many of the claims are nuisance claims without any merit. Even qualified, practicing attorneys will face costs defending themselves against malpractice claims.

They can also lose time, which for an attorney is literally money, as they often charge clients by the hour. All legal services companies and attorneys-at-law need to have professional liability insurance to protect their personal and professional finances.

Construction Contractors

Whether you are a plumber, carpenter, or manage large building projects, a contractor must have professional liability insurance. Again, this can cover you in certain situations. However, there are many other reasons to have a liability insurance policy in construction.

Slips, trips, and falls on construction sites are common, and you or someone working for your business may be liable for causing one. Without insurance, you could be paying for expensive medical costs and injury compensation, which can run into six figures or more depending on the injury.

Real Estate Agents

Whenever there is a lot of money involved, you should have professional liability insurance. Real estate agents often get sued when a deal falls through, and someone loses money. Their profession puts them in between two parties with very different interests.

House sales involve a lot of timing too, if you are a real estate agent, you can be sued for losses or damages when you have done everything you possibly could to service your client. Having liability insurance can protect your real estate business and your personal finances.

Teachers And School Workers

There never used to be much of a demand for liability insurance for teachers and school staff, but now many are experiencing legal action from parents. Incidents in the classroom, on the school bus, and in the dining hall can all provoke a parent into taking legal action. Some teachers even get sued for negligence.

Many of these turn out to be nuisance claims, similar to medical malpractice lawsuits, but they still cost time and money. Professional liability insurance protects teachers from suffering a huge financial burden from spurious lawsuits.

There are many professions that require professional liability insurance, or it is recommended that you get some. You do not have to wrong someone or make a mistake to be sued. Though nuisance suits are often dealt with quickly, with awarding any damages, they can still cost you time and money. With an insurance company, you get extra support through the process and financial coverage.

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