Professional Liability Insurance Florida
We are Florida's Professional Liability Insurance Experts.
Professional Liability Insurance Could Be The Best Protection Money Can Buy
There are a number of necessary reasons for a person to get insurance. Most people are aware of the most common forms of insurance, such as vehicle insurance, homeowner's insurance, renter's insurance and the like. But the truth is that there are just as many types of insurance as there are stars in the sky. Though it has become increasingly difficult for people to come by in the state of Florida during the past decade, professional liability insurance is crucial to the successful and responsible operation of a professional practice.
Whether you are a practicing attorney at law, a research lawyer, a physician, a surgeon, an anesthesiologist, a nurse, an architect or even an accountant or you work in a professional industry where people require your services in serious situations, you need to acquire and maintain a thorough and comprehensive professional liability insurance policy for your practice.
If you are interested in acquiring a professional liability insurance policy, there are a few things you need to consider when shopping around for one.
Professional Liability Insurance can protect you from:
One of the most important things that professional liability insurance protects you against is negligence claims by clients or patients. This means that for any case that goes to court where the other party is claiming negligence on your part for services rendered or offered, you will be protected up to the amount of negligence insurance coverage that you purchase in your policy. Though negligence claims can be filed by any of your clients for any reason, they usually must meet a thorough review standard in pretrial motions in order for lawsuits to proceed. It is difficult to prove negligence in a court of law, but this is by no means justification for a professional to not carry insurance liability coverage for this.
This aspect of professional liability insurance protects you in cases where your client or patient alleges that you misrepresented some aspect of your interaction with them, and that they have suffered some form of quantifiable damage resulting from this misrepresentation. Ensuring that coverage for misrepresentation is an ample part of your professional liability insurance coverage policy is extremely important, because this is one of the most common forms of claim made against working professionals.
Violation Of Good Faith
Another of the most common forms of claims made against working professional is the violation of good faith principle. Violation of good faith claims occur when your client or patient alleges that you acted with intent to defraud or to commit some form of malicious malfeasance against them during the course of your interaction. While this is hard to prove in a court of law, you need to ensure that you have ample coverage for this in your policy as well.
And probably the most common form of claim made against working professionals is the claim of rendering inaccurate or incompetent advice. These claims occur when your client or patient alleges that you did not give relevant counsel or advice during the course of your interaction, and this inaccurate or incompetent advice led to some quantifiable loss for your client or patient.
In sum, the benefits of procuring a professional liability insurance policy far outweigh the potential costs and damages that you might incur if you decide to go uncovered and have a bad interaction with a client or patient. Remember, uncovered professionals have been driven out of business entirely by a single claim that ended up going to litigation.
There is much, much more to a Professional Liability Insurance Policy in Florida, and the best way to understand how it will protect your business is to Request a Quote to discuss your unique situation.
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