Jan 31, 2015 / Posted on :
As a professional currently operating in Halifax, you’ve probably heard this more times than you can remember: Don’t go to work without adequate coverage. But do you know what that means? And what exactly it entails?
Let’s take a look at one of the most common forms of insurance coverage — namely, the professional liability insurance coverage. Who needs this type of coverage? And for what reason?
Quite simply, if you work in a field in which the threat of being sued for an error or omission that you may or may not have committed exists, then you need to be covered under this type of policy. It’s as simple as that. As you already know, we live in a very litigious world. A simple mistake could be fatal to your career. It does not matter if this mistake was intentional or not, or even whether it caused someone or something a lot of damage — if you risk being sued over this mistake, then this further validates our point.
Professionals need to be covered under a professional liability insurance policy for a number of reasons. The first one is simple: It covers people financially in the event of a lawsuit being filed against them. It doesn’t matter whether or not the error or omission was justifiable — if someone is covered under this policy, then they won’t have to pay a cent out of their pocket when someone sues them. (Deductible not included, of course!)
The second reason is also very simple — it allows people to focus on what they do best rather than worry about what might happen. And as a professional, you know just how important it is to remain focused on your profession.
For more information, we encourage you to request your free Halifax professional liability insurance quote today.