Black & Associates Insurance
  • Home
  • Quotes
    • Personal Quotes >
      • Property Quotes >
        • Home Insurance Quote
        • Flood Insurance Quote
        • Earthquake Insurance Quote
        • Landlords Insurance Quote
        • Renters Insurance Quote
      • Auto Quotes >
        • Auto Insurance Quote
        • ATV Insurance Quote
        • Classic Car Insurance Quote
        • Roadside Assistance Quote
        • Motorcycle Quote
        • RV Insurance Quote
      • Health Quotes >
        • Health Insurance Quote
        • Long Term Care Insurance Quote
        • Medicare Supplement Coverage Quote
      • Life & Financial Quotes >
        • Life Insurance Quote
        • Disability Insurance Quote
      • Other Quotes >
        • Boat & Yacht Insurance Quote
        • Event Insurance Quote
        • Umbrella Insurance Quote
        • Wedding Insurance Quote
    • Commercial Quotes >
      • Commercial Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial Auto Insurance Quote
      • Contractors Liability & Bonds Quote
      • Performance & Payment Bond Quote
      • Professional Liability Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Request an Appointment
  • Insurance
    • Personal >
      • Property >
        • Home Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Classic Car Insurance
        • Motorcycle Insurance
        • Roadside Assistance
        • RV Insurance
      • Health >
        • Health Insurance
        • Long Term Care Insurance
        • Medicare Supplement Coverage
      • Life/Financial >
        • Life Insurance
        • Disability Insurance
      • Other >
        • Boat & Yacht Insurance
        • Event Insurance
        • Wedding Insurance
        • Umbrella Insurance
    • Commercial >
      • Commercial Insurance
      • Business Owners Package (BOP) Insurance
      • Commercial Auto Insurance
      • Contractors Liability & Bonds Insurance
      • Performance & Payment Bonds
      • Professional Liability Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • Additional Resources >
      • Local Resources
  • Contact

What Is Professional Liability Insurance?

6/7/2022

0 Comments

 
Picture
When you take on a new venture, whether for your own company or one for which you've been employed as a contractor, you expose yourself to a great array of liabilities. Professional liability insurance protects your valuables from allegations of negligence. It is one approach to shield yourself from such possible risks.
​
There are several things about professional liability insurance that you should know before starting a business. Continue reading to find out how you and your business are covered.
Coverage of Professional Liability Insurance
Aside from covering legal and settlement costs, professional liability insurance also can help in protecting yourself and your business against the following claims:
  • Inaccuracies or inconsistencies.
  • Negligence on the part of a professional or a failure to conform to practice quality.
  • Contractual breach.
  • Failure to timely perform a pledged service.

In contrast to other forms of liability coverage, professional liability plans typically cover disputes for lost profits rather than bodily harm or damage to property. Medical malpractice insurance, as well as coverage for architects and engineers, are exceptions to this norm.

Costs of Professional Liability Insurance
Knowing the cost of a professional liability policy depends on the following factors:
  • Are lawsuits common in your sector?
  • Where is your business located, and are claims common there?
  • What level of coverage does your business require?
  • The total number of your business employees.
  • Is your business new, or does it exist for a long time?
  • What kind of claims, if any, have you previously filed?

As observed on the insurance marketplace, professional liability insurance costs its users an average of $59 per month. And in 2020, consumers paying via Progressive's Advantage Business Program paid an estimated $46 per month for insurance coverage.

Conclusion
All major business insurance providers offer professional liability insurance. You can contact your insurance provider to clarify how much you need to get or your professional liability insurance.

At Black and Associates Insurance, Inc., we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (509) 464-0058 or Click Here to request a free quote. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.
0 Comments



Leave a Reply.

    Contact Us

    ​7407 N Division
    Suite D
    Spokane, WA 99208
    (509) 464-0058​
    Click Here to Email Us

    Archives

    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner's Package (BOP) Insurance
    Contractors Insurance
    Contractors Liability & Bonds Insurance
    Home Insurance
    Life Insurance
    Professional Liability Insurance
    Renters Insurance
    Workers' Compensation Insurance

    RSS Feed

 Proudly serving Spokane, WA, Spokane Valley, WA, Coeur D' Alene, ID, Colville, WA, Moses Lake, WA, Deer Park, WA, and surrounding areas.

Licensed in Washington, Oregon, and Idaho


Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Black and Associates Insurance, Inc.
​7407 N Division
Suite D
Spokane, WA 99208
(509) 464-0058​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash
Image Credit: Monroe Street Bridge by Mark Wagner  |  CC BY 2.5
  • Home
  • Quotes
    • Personal Quotes >
      • Property Quotes >
        • Home Insurance Quote
        • Flood Insurance Quote
        • Earthquake Insurance Quote
        • Landlords Insurance Quote
        • Renters Insurance Quote
      • Auto Quotes >
        • Auto Insurance Quote
        • ATV Insurance Quote
        • Classic Car Insurance Quote
        • Roadside Assistance Quote
        • Motorcycle Quote
        • RV Insurance Quote
      • Health Quotes >
        • Health Insurance Quote
        • Long Term Care Insurance Quote
        • Medicare Supplement Coverage Quote
      • Life & Financial Quotes >
        • Life Insurance Quote
        • Disability Insurance Quote
      • Other Quotes >
        • Boat & Yacht Insurance Quote
        • Event Insurance Quote
        • Umbrella Insurance Quote
        • Wedding Insurance Quote
    • Commercial Quotes >
      • Commercial Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial Auto Insurance Quote
      • Contractors Liability & Bonds Quote
      • Performance & Payment Bond Quote
      • Professional Liability Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Request an Appointment
  • Insurance
    • Personal >
      • Property >
        • Home Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Classic Car Insurance
        • Motorcycle Insurance
        • Roadside Assistance
        • RV Insurance
      • Health >
        • Health Insurance
        • Long Term Care Insurance
        • Medicare Supplement Coverage
      • Life/Financial >
        • Life Insurance
        • Disability Insurance
      • Other >
        • Boat & Yacht Insurance
        • Event Insurance
        • Wedding Insurance
        • Umbrella Insurance
    • Commercial >
      • Commercial Insurance
      • Business Owners Package (BOP) Insurance
      • Commercial Auto Insurance
      • Contractors Liability & Bonds Insurance
      • Performance & Payment Bonds
      • Professional Liability Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • Additional Resources >
      • Local Resources
  • Contact