TUESDAY, JULY 22, 2014
 Whether you are a consultant specializing in conflict management in businesses, how to run certain software programs or how to increase business through marketing techniques, you need to consider professional liability insurance.
You are considered an independent contractor, which means you are responsible for your own insurance. You already have health insurance and hopefully life insurance. But, are you insured in case someone decides your consulting wasn't accurate? You might be thinking that consulting is giving opinions; how could anyone sue you for what they consider to be an inaccuracy of an opinion? It happens all the time. As a consultant, what you say is more than an opinion — it's advice. You are in the business of giving advice that is considered expert advice.
So, how can professional liability insurance protect you?
- If a client sues you for leaving out critical information or for giving some wrong information, you will want to be sure your professional liability insurance covers you for errors and omissions.
- If the client sues you for not fulfilling your contract, you will want to be sure your personal assets are covered by professional liability insurance.
- If you use subcontractors in your consulting, you definitely want to be sure you are covered by professional liability insurance just in case one of those subcontractors creates a problem for the client.
How will professional liability insurance protect you?
- By providing legal services if you are sued.
- By paying for claims if a lawsuit is won or settled.
- By keeping a client from taking your home, savings etc. in the event the courts award the client a settlement.
- Giving you peace of mind that you and your assets are protected.
So, before your next consulting contract is signed, take some time and talk with an independent insurance agent about professional liability insurance.
Protect your career. Call Dealey, Renton & Associates at (800) 545-3090 for more information on California professional liability insurance.
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