Nov 17, 2014 / Posted on :
Professional liability insurance policies should never be underestimated, let alone ignored. As a professional, being aware of the different policies available to you and how they could potentially benefit you is very important. As you already know, lawsuits are not uncommon in the professional world, especially if you work in the medical or law fields. Without adequate coverage, you are left to fend off by yourself in the event of a lawsuit being filed against you. And let’s be honest — this is not something that anyone wants to deal with, especially when/if you are found guilty and you have to pay for both your defence AND the settlement out of your own pockets.
Sounds bad? Well it’s because it is.
To avoid this unpleasant situation down the road, purchasing a professional liability insurance policy is often the best course of action — after taking the necessary precautions to ensure that you are never sued, of course. Going to work each day without proper coverage can be fatal to your career. If you live in the Red Deer area, you will find that several companies out there offer free Red Deer professional liability insurance quotes. We encourage you to sift through those and find one that fits your profession, your expectations and of course your budget.
We also recommend discussing with your insurance broker whether or not you would benefit from additional coverage. In certain cases (and depending on your profession), a professional liability policy is not enough to cover every possible scenario and requires extra coverage for a more complete peace of mind.