Professional Liability Insurance

Professional Liability Insurance in Knoxville, TN 

Professional liability insurance is designed for those who offer professional services or advice, whether as individuals or businesses. It can provide reassurance by protecting against the financial impact of unintentional mistakes or conflicts related to their work. In our increasingly litigious society, recognizing the significance of professional liability insurance is crucial. 

What Is Professional Liability Insurance? 

Professional liability insurance can help financially protect professionals against claims of negligence, malpractice or errors in the services they provide. If your business is accused of making a mistake, this insurance can help cover the associated costs. 

Who Needs It? 

Professional liability insurance is essential for anyone who provides professional services or advice, such as health care providers, legal professionals, financial advisors, architects, engineers and IT consultants. If your work involves giving expert advice or services that clients rely on, you should consider having this insurance to protect against potential lawsuits. 

What Is Not Covered? 

Professional liability insurance does not encompass all types of claims. Notably, it excludes bodily injury or property damage, which are generally covered under general liability insurance. It also does not cover intentional wrongdoing, fraudulent acts or criminal activities. Additionally, claims related to employment practices, such as wrongful termination or harassment, are not covered under professional liability insurance and require separate employment practices liability insurance.