Get Application For Chiropractors Professional Liability Insurance

Every business owner tries to run their company perfectly, but mistakes can happen. If they do and the mistake financially harms your client, it can lead to a lawsuit. Professional liability insurance can help protect your business if someone sues you for making a mistake in your professional services.

Any business that sells its expertise should consider professional liability insurance. Also known as errors and omissions (E&O) insurance, this coverage protects your company and your bottom line from customer claims of late, incomplete, or unsatisfactory work. Accusations like these can lead to costly lawsuits.

This type of insurance responds to claims of negligence, oversights, malpractice, or errors your clients allege you committed while providing your services. If a client, or a former client, thinks that your bad advice caused them financial or reputational damage, they may choose to sue you.

A professional liability certificate provides proof of insurance. When your business secures a professional liability insurance policy, you'll receive a certificate of insurance. This certificate contains key information about your policy and provides proof of insurance to your clients and licensing boards.

While not required in every state for every profession, if you provide health-related professional services, maintaining malpractice coverage can reduce your financial risk. Doctors and nurses are often serving on the frontline of healthcare and must make critical decisions, which can leave them open to lawsuits.

Some nurses believe that despite facilities having coverage for you, they might protect themselves first, referring to it as “throwing you under the bus.” It is advantageous to have personal liability insurance. If you get sued, facilities might limit coverage, and you could be responsible for the rest of the claim.

Professional liability insurance is commonly known as errors and omissions (E&O), professional indemnity, or malpractice insurance.

If someone claims your business made a mistake, your professional liability insurance will cover your legal fees, settlements and judgments up to your policy's limit. For example, if you're sued because of a mistake that causes your client to lose money, you'll be covered for your legal costs and settlement.