Whether you own a small business, a large company, or are just starting, professional liability insurance is necessary. In short, professional liability insurance - or errors and omissions insurance - provides coverage for individual entrepreneurs and businesses to protect against claims of negligence from their customers or clients. At Canyon State Insurance in Arizona, our professional and knowledgeable team of insurance agents are ready to answer any of your questions about our insurance products. Keep reading to learn more about the benefits offered by professional liability insurance.
You should consider purchasing professional liability insurance if your business offers a professional service, provides regular professional advice to clients, or engages in a contractual obligation with another entity. Although covered items may vary from one policy to the next, most professional liability insurance policies will cover mistakes and negligence, personal injury, and copyright infringement. We recommend reaching out directly to Canyon State Insurance for more specific information or discussing your business use case for personalized assistance. In addition to the covered items already mentioned, your policy will also include protection for services performed in the past with an agreed-to timeframe, defense costs associated with a lawsuit, and work performed by your employees to include contractors and temporary staff.
Although professional liability insurance is not required in Arizona, if you own a small business in the state, you will need to have both commercial auto insurance policies for any business-owned vehicles and workers' compensation insurance if you employ one or more full-time or part-time employees. These policies protect your business from unexpected costs associated with workplace injuries or an automotive accident involving a company vehicle. At Canyon State Insurance, we can help you with all your commercial insurance needs. Give us a call today to schedule a no-obligation consultation with a member of our team.
