#Discovery pro insurance agency professional#

But let’s say an architect makes an oversight that compromises a building’s safety. It can help you earn clients, but it can also set really high expectations.Įxample: Architects have the skill and education to design buildings that both meet client demands and comply with building codes. Your expertise can sometimes be a double-edged sword. That client can actually sue to make up those losses and cite their contract for support.

#Discovery pro insurance agency professional#

Should that happen, and you get sued, Professional Liability Insurance would apply.Įxample: A business consultant recommends you buy a high priced piece of equipment based on high income projections and those projections end up being way off, resulting in a financial loss for the client. Sometimes the product/service you describe in your client contracts just doesn’t work the way it was represented to the client.

Professional Liability would kick in, in the event one of your clients attempted to sue you as a result of your mistake.

If one of these work mistakes causes a financial loss for one of your clients, it could be problematic for your business. No matter how careful you are, making mistakes is a fact of life. You make a mistake that costs your client(s) money.Professional Liability Insurance triggers in a few different situations: How does Professional Liability Insurance work? What does it cover? This is where Professional Liability Insurance comes into play, and why Discovery Insurance Agency is your go-to insurance company in Florida no matter what industry you’re in. Your services and/or advice must meet standards set by your state, industry, and/or written client contracts and agreements.įailure to meet these standards could result in a substantial financial loss for your client(s), resulting in a significant lawsuit. If you’re in one of those professions and/or your business relies on your professional expertise, you’re expected to have a certain level of training in your industry or field. Lawyers, Doctors, Architects, IT Professionals, Real Estate Brokers, Consultants, and Engineers are just a some of professions who need to be properly covered by Professional Liability Insurance. Who needs Professional Liability Insurance? Professional Liability Insurance (also knows as Errors & Omissions Coverage) covers a wide range of professionals who make their living from their unique professional expertise. Looking for Professional Liability Insurance in Florida?ĭiscovery Insurance Agency has you covered - literally.