If you’re working in a professional environment, professional liability insurance is vital to keeping your career safe and secure. Even if you aren’t working as a lawyer or doctor, you may still need liability insurance.
Apart from these two professions, many others are prone to suits and claims. Here are ten jobs that will benefit from acquiring professional liability insurance:
1. Attorneys
Attorneys are at constant risk of being accused of malpractice. Without liability insurance, the attorney will be fully responsible for settling down the costs. An attorney without insurance is one that doesn’t care about their career.
2. Doctors
Doctors, similar to attorneys, are victims of malpractice accusations. As a result, many hospitals provide some form of professional liability insurance for their doctors to keep them safe.
3. Teachers
Today, incidents in classrooms can entice parents to sue the teachers and schools. The best way for a teacher to avoid lawsuits is to be insured.
4. Therapists and Counselors
These professionals work closely with patients and can be blamed if anything goes wrong in the individual’s life. Similar to anyone working in the medical field, liability insurance is always recommended.
5. Physical and Occupational Therapists
These therapists often work in rehab where patients are fragile and unstable. Due to the nature of the job, therapists are potential victims to suits. Similar to others in medicine, therapists are required to obtain insurance when employed.
6. Insurance Agents
Though their name may suggest that they don’t need insurance, it is still imperative that they do. Many of these professionals are covered by liability insurance. Although customers usually sue the company itself, agents may find themselves involved in some situations.
7. Contractors
Anything can happen during a job – that’s why contractors carry insurance. Along with a bond, liability insurance can prevent severe losses from suits that claim wrongdoing during a project.
8. Brokers
A broker’s job is stressful. Their clients expect results, and they expect good ones. If the results don’t satisfy the client, the broker is usually held as the person to be blamed.
9. Accountants
Similar to brokers, accountants are burdened with the responsibility of protecting a client’s future finances. If something goes amiss, they are held responsible as well. Because of this, accountants carry liability insurance to protect their career & company.
10. Real Estate Agents
Real estate agents also need to have professional liability insurance. If they make a deal and a promise was broken or unkept, the agent will be blamed for the damages. With liability insurance, agents can perform better with more confidence.
If you find yourself under one of these professions, make sure that you obtain professional liability insurance. Don’t risk yourself and your career at the hands of a bad customer. We provide professional liability insurance to small businesses & individuals, get in touch today to see how we can help.
