Producer Myles Trempe was interviewed by the U.S. Chamber of Commerce for the article “Everything You Need to Know About Professional Liability Insurance.” There are several types of insurance policies that small business owners should have in place, and for many businesses, professional liability insurance should be at the top of the list.
Regarding the cost of professional liability insurance, the article noted that many small business owners often assume that professional liability coverage is not affordable, but if you’re not in a risky profession such as a doctor or lawyer, a policy is relatively inexpensive.
Myles commented, “Professional liability coverage can be purchased as an endorsement to your business owner’s policy or as a separate policy unto itself.”
Be forewarned, however: Professional liability insurance doesn’t shield you from every possible scenario.
If you have questions about professional liability insurance, please contact Wallace & Turner Insurance at (937) 324-8492 or info@wtins.com.