answersLogoWhite

0


Best Answer

It just depends on the type of business you are engaged in

You should have professional liability insurance if you give professional advice or services. Professional Liability provides individuals and companies protection from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you need professional liability insurance for your small business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Business

Small Business Insurance?

form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_


Where online can one find information about small business liability?

You can get information about small business liability insurance from almost any insurance company, even the ones that advertise for auto insurance. The Nationwide company has liability insurance for businesses. Information can be found on the official website.


What is included in a Liability insurance for tradesmen?

Liability insurance for tradesmen is important to have for small business owners. Most of the policies include professional advice, equipment and material costs. Several things such as income if you are unable to work due to injury can be added on if desired.


Where can someone learn about business liability insurance?

Any insurance agent or website can provide information about business liability insurance, but it may be best to check with the Small Business Association (SBA) or an attorney to learn the most advisable coverage for a specific business or business type.


Cheap Business Insurance?

form_title=Cheap Business Insurance form_header=Looking for affordable business insurance? Find a plan that fits your business needs and your budget. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Type of Insurance Needed:= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other

Related questions

Small Business Insurance?

form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_


Do I have to have liability insurance if I open a small construction business?

Yes, you are required to have liability insurance if you wish to open, and have licensed, a small construction business.


Where online can one find information about small business liability?

You can get information about small business liability insurance from almost any insurance company, even the ones that advertise for auto insurance. The Nationwide company has liability insurance for businesses. Information can be found on the official website.


What are the two major duties that liability insurance for small business provides?

The first major duty that liability insurance for small business provides is to defend the small business when it is, for example, sued by another party. The second duty for liability insurance for small business is to pay all claims the insurer is liable for as well as to settle any clear cut cases submitted to insurer immediately.


Where can one find more information on general liability insurance for small business?

One can find more information on general liability insurance for small businesses on the United States Small Business Administration, which is a government run website.


What is included in a Liability insurance for tradesmen?

Liability insurance for tradesmen is important to have for small business owners. Most of the policies include professional advice, equipment and material costs. Several things such as income if you are unable to work due to injury can be added on if desired.


Where can someone learn about business liability insurance?

Any insurance agent or website can provide information about business liability insurance, but it may be best to check with the Small Business Association (SBA) or an attorney to learn the most advisable coverage for a specific business or business type.


Where can you find out more information about insurance liability?

Hiscox is a good start to find out about insurance liability. Hiscox can provide small business owners and brokers with the information they need to meet their insurance liability needs.


When starting a small photography business do you need to be bonded and if so how do you go about getting bonded?

If you are starting your own small photography business you shouldn't need to be bonded. When you get larger (if you get large enough) you may wish to consider some sort of professional liability insurance, but I've never known of a professional photographer to be bonded or have such insurance. Good luck.


Cheap Business Insurance?

form_title=Cheap Business Insurance form_header=Looking for affordable business insurance? Find a plan that fits your business needs and your budget. Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Type of Insurance Needed:= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other


Which websites offer information on small business liability insurance?

Some websites that offer information on small business liability insurance include the Small Business Administration (SBA) website, which provides guidance on different types of insurance coverage, and insurance company websites such as Progressive, State Farm, and Allstate, which offer information on their specific liability insurance offerings for small businesses. Additionally, business insurance comparison websites like Insureon and CoverWallet can provide information on different insurance options and help businesses find the right coverage for their needs.


Where can my friend find a company that offers garage liability insurance for his dealership?

A person can find garage liability insurance through their business insurance provider. There are usually several insurance providers that specialize in small businesses.