Professional Liability Insurance Near Kentwood, Michigan
Quotes Take Less Than 1 Minute & Can Save You $946/Year On Average
Byron Center & Kentwood, MI Professional Liability Insurance
Protecting Your Small Business
Protect your local business from professional liability lawsuits. Professional liability insurance shields you from lawsuits brought by a client that may claim negligence, errors, or omissions made while performing specific professional services.
We all make mistakes. So let our professional liability insurance protect you and your professional practice in Kentwood, Byron Center, or the surrounding Michigan areas against potential accidents.
Professional Liability Protects Your Michigan Business From:
Negligence
Professional liability insurance covers any damaging advice given or failure to perform tasks.
Examples include:
- Failure to supply clients with the most up-to-date information
- Inadvertent plagiarism
- Improper services
Defense Costs
Money expended in a lawsuit regardless if the company is at-fault or not at-fault.
Examples include the following costs:
- Attorney services
- Court proceedings
- Legal documents filings
- Expert witnesses costs of expert witnesses
- Investigations
Services Previously Performed
Any services already performed, as well as any previous or future work.
For example, a dentist performs a root canal and goes back later to insert a crown or extract the tooth. If the client claims negligence, both services are covered under your professional liability policy.
Miscellaneous Error and Omission
Protection against financial losses that occur from improperly performing professional duties.
For example, a clothing store retains a marketing consultant to assist the owners in creating a new website and advertising the website for completion by a particular date for its upcoming annual sale. The consultant completes the materials on time but fails to send the email announcing the new website and the sale. The owner of the store sends a demand letter for lost business due to the consultant’s negligence.
Technology Services Error and Omission
Protects against claims made against your Michigan business for copyrighting goods, products, or services you have advertised.
For example, data storage companies and website designers provide technology services; whereas, computer software and computer manufacturers offer technology products.
Get Professional Liability Insurance for Your Small Business Before It’s Too Late!
Compass Insurance Agency can help cover your Byron Center or Kentood, MI business in almost every industry. These include, but are not limited, to:
Real Estate Agents
Graphic Designers
Marketers
Accountants
Dentists
Not-For-Profits
Architects & Engineers
Property Management
Attorneys
Pharmacists
Veterinarians
Optical
Consultants
Beauticians
Travel Agencies
Get a Professional Liability Insurance Quote From 20 Carriers & SAVE BIG
Get your professional liability quotes online from about 20 of the top insurance carriers by filling out our short form. Get better coverage with better customer service at a better rate (saving our Byron Center and Kentwood, MI clients on average $946 annually). Get better coverage at a lower rate with better customer service.
Professional Liability Insurance FAQs
Who needs professional liability insurance?
Individuals or small and medium businesses in Byron Center that provide professional services or advice, such as doctors, lawyers, consultants, architects, engineers, and accountants, need professional liability insurance. It is particularly important for professionals whose clients rely on their expertise; if they make errors or fail to deliver expected results, they may suffer financial losses from lawsuits.
What does professional liability insurance cover?
Legal defense costs, settlements, and judgments resulting from claims of professional negligence, errors, or omissions. It can also cover claims related to breach of contract, defamation, misrepresentation, and infringement of intellectual property. Consult your Compass insurance agent regarding specific coverage of your Byron Center business.
How does professional liability insurance differ from general liability insurance?
General liability insurance protects against bodily injury, property damage, and personal injury claims. Professional liability insurance covers claims specifically arising from potential mistakes or errors in providing professional services and advice.
How much professional liability insurance coverage do I need?
The amount of coverage depends on various factors, such as your profession, the size of your business, the types of clients you serve, and the potential risks involved. It’s important to assess your specific needs in consultation with your Compass insurance professional in Byron Center to determine the appropriate coverage limits for your situation.
Am I legally required to carry professional liability insurance?
Some professions have legal or regulatory requirements to carry professional liability insurance. For example, lawyers, doctors, and architects may be mandated to have professional liability coverage to practice in certain jurisdictions. Requirements vary by location and profession. Consult your Compass insurance agent in Byron Center for specific regulations that may apply to your field.
Can professional liability insurance protect me and my business against claims of professional misconduct, such as allegations of fraud, negligence, or unethical behavior?
Yes, but it is important to understand that coverage may be subject to limitations and exclusions. It’s important to review the terms and conditions of the insurance policy with your Compass insurance agent in Byron Center to determine what is covered and what is not.
Is professional liability insurance expensive?
Cost varies depending on several factors, such as the profession, the coverage limits, the claims history, and the size of the business. Generally, professions with higher risks may have higher premiums. However, the cost of insurance is typically considered a worthwhile investment compared to the potential financial losses resulting from a lawsuit.
Does professional liability insurance protect against lawsuits?
You aren’t protected from being sued; what professional liability insurance does provide is financial protection to help cover legal expenses and potential damages associated with lawsuit claims.
How do I purchase professional liability insurance?
Consult your Compass insurance agent in Byron Center to get the proper professional liability coverage for your business.
616-965-0694
8535 Byron Commerce Dr. SW, Suite B
Byron Center, MI 49315