What Professional Liability Insurance Covers
• Alleged or actual negligence
• Defense costs
If anyone accuses you of not providing a service you promised, professional liability insurance could cover the costs associated with the claim. This can include the defense costs for legal defense.
Professional Liability Cost
The cost of professional liability insurance depends on the following factors:
• Coverage Limits
• Number of employees
• Years in business
The only way to know how much professional liability insurance will cost you is to reach out to a business insurance agency.