Customers and clients rely heavily on professional services and hold the professionals who provide these services to high standards. If your customers’ service does not live up to their client's demands or expectations, they may allege that your customers’ professional negligence or "error or omission" harmed them. As a result, you may find yourself embroiled in a highly expensive and highly distracting lawsuit.

Even if the allegations against them ultimately prove groundless, they can face enormous defense costs. There is also the specter of potentially devastating settlements or judgements.

Professional liability insurance enables professionals to safeguard their assets against these financial losses. Such insurance can cover the costs of settlements or judgments as well as the expenses associated with defending claims.