Ask Your Agent: General and Professional Liability

Patrick Atwater III answers a common insurance-related question.

“What’s the difference between general and professional liability insurance?”

Business owners face risks every day, some more than others. With lawsuits against companies and organizations continually increasing, it is important to be protected. Your clients, reputation, company, and even your personal assets could be at stake, if your business is not accurately covered.

General Liability Insurance

This coverage protects your business from  “general” claims that any business could face. Examples include bodily injuries incurred at your commercial property, damage you caused on other’s property, or mishaps like copy infringement.

General Liability Insurance pays for legal expenses. This protection should be a consideration of all small business owners – operating in any industry could lead to facing these claims.

Professional Liability Insurance or E&O (Errors & Omissions) Insurance

This type of coverage protects you and your business from the risks you face while performing professional services. Though this policy is especially important for service providers such as lawyers, real estate agents, board members, physicians and others to carry, most small-business owners can benefit from its coverage.

Professional Liability Insurance shields you from:

  • Providing negligent professional services
  • Providing incomplete work
  • Making mistakes or omissions
  • Failing to uphold contractual promises
Learn more about Atwater Insurance’s professional liability for attorneys and real estate agents here.

Different industries come with their own specific insurance needs, your experienced agent at Atwater will navigate you through the different types of policies that line up with your industry and insurance needs. From that point, we will match you with policies from multiple leading insurance providers to ensure you have the perfect policy at the best price. Contact us today! 229.382.900.

All policies are subject to different forms, exclusions and endorsements. Be sure to contact your agent for final confirmation of coverage and underwriting policies. Source: Berkshire Hathaway GUARD