Have you been searching for Professional Liability Insurance Katy Texas? If so, Texas Insurance Agency is here to help. For more than a decade, we have been helping residents of the Greater Houston area find the right insurance policies for them. Allow us to do the same for you by giving us a call.
Here at Texas Insurance Agency, we partner with some of the most trusted insurance providers to bring you the precise policies you need. What’s more, our insurance agents have a combined total of 40 years of experience. With that in mind, you can trust we know these insurance policies like the back of our hands. Whether you need personal insurance or business insurance, our team is here to help.
Finding the right Business insurance for your company can be tricky, especially when there are so many policies to choose from. Determining which coverages you need and which you don’t can get confusing very quickly. That is why our team is here to help. If you’re unsure which coverages you need to protect your business, call the Texas Insurance Agency today. We’ll ensure you have the right insurance coverage in place to safeguard your business.
What is Professional Liability Coverage?
Professional Liability Insurance (PLI) is designed to protect professionals such as lawyers, accounts, and more. It will protect them against very specific claims. Unlike other business insurance, PLI is for professionals who specialize in a specific area. As a result, this insurance type offers a certain type of coverage geared towards these professions.
You may be wondering whether or not you could take out General Liability Insurance. In short, the answer is no. This insurance type will not offer protection against claims that could arise from these certain practices. Those claims could include the following:
General Liability vs. Professional Liability Insurance
The above claims are not covered under GLI. Instead, General Liability offers coverage against more common business claims such as property damage and personal injury. As it offers such a broad range of coverage, general liability can protect the majority of business owners. However, if your profession is vulnerable to certain claims such as the previously mentioned ones, general liability won’t help you.
As a result, you’ll need a Professional Liability Insurance plan. You may be unfamiliar with the term Professional Liability Insurance. This is because it is more commonly referred to as Errors and Omissions Insurance. However, the name of your insurance contract may differ depending on your profession. For example, in medical professions, the negligent act is known as Medical Malpractice. As a result, your policy may be called Malpractice Insurance.
Alternatively, if you are in a legal profession, the negligence action is known as Legal Malpractice. With that in mind, your insurance product may be called Legal Professional Liability Insurance.
Who Needs Professional Liability Insurance?
PLI is there to protect small businesses that provide professional services or give advice to clients. It works by covering your business when a client or another third party takes out a claim against you. With this coverage on your side, you won’t have to worry about paying legal fees out of your own pocket.
If you own a small business, this insurance type may be required by you before you enter into a contract. Some common professions/businesses that required this insurance type include the following:
These are just some of the professions that require this insurance type. To learn if Professional Liability Insurance Katy Texas is right for you, call Texas Insurance Agency today. So, what claims can this insurance cover? Well, depending on your occupation will depend upon which coverages you need.
Available Coverage with Professional Liability Insurance
When you choose Professional Liability Insurance Katy Texas, you’ll receive the following coverage:
- Defense Costs – This coverage will secure you a legal defense team when you are hit with a claim.
- Alleged or Actual Negligence – This will protect your business against actual errors and omissions and alleged ones. This refers to the services you offer and can cover things such as giving incorrect information or failing to deliver a service.
Professional Liability Insurance can also cover claims that arise from previous work, regardless of where this work took place. Now that you know a bit more about this insurance type, you should be able to determine whether this insurance type or general liability insurance is right for you.
However, if you’re still unsure, you can always contact our team. Our insurance agents understand how important your business is to you. With that in mind, we want to help you do whatever we can to help you protect your livelihood. When you choose Texas Insurance Agency, you can rest easy knowing you’ll have the right coverage in place.
What Does Professional Liability Insurance Not Cover?
Coverage under these policies does not include criminal prosecution. Additionally, it doesn’t cover all forms of legal liability, only those listed in your policy. Here at Texas Insurance Agency, we want you to get the most out of your insurance. That is why we will connect you with an insurance company that offers the best coverage at the best rates.
Cyber Liability is another coverage you may not find in your core policy. However, this coverage and other data-security-related coverages are available as separate policies if you require this protection.
Professional Liability Insurance Katy Texas
To learn what other coverage you can receive under a PLI plan, call our agency today. We’ll offer you a free quote for your insurance and ensure you have the right policy in place to protect your business. We have two convenient locations, so if you’re looking to speak with one of our agents in person, feel free to make an appointment.
We can’t wait to help you find the right coverage! Call today to find the best Professional Liability Insurance Katy Texas.
Katy Fun Facts
- The city is home to a haunted graveyard.
- Katy Mills Mall holds 200 specialty stores.
- The historic town square lies along the MKT railroad.
- To learn more about Katy, visit today.