It doesn’t matter how good you are at your job. Liability insurance for Austin professionals is a must. In general, these policies help reduce the financial risk you may have due to your business. Common business liability insurance policies you may need include:
- Cyber Liability: If customer or employee information is compromised due to a cyber breach, this policy would help recover said information and pay related costs. General liability is rarely enough to protect you from cyber-related risks.
- Excess Liability: This gap coverage helps provide the money for legal fees that your general liability may not cover. This is an important liability insurance for Austin professionals because it can help save thousands of dollars.
- Errors & Omissions: If your business or an employee is sued due to a failure to perform, this policy would cover fees incurred for civil defense and judgements. Typically, it wont help cover lawsuits due to criminal actions.
- Employment Practices Liability: Under certain circumstances, past, present or prospective employees may feel you discriminated against them. If they sue you, this liability policy will help pay the legal fees and may help deal with public relations issues.
If you’re in the market for liability insurance for Austin professionals, you should talk with an insurance expert. He or she will be able to help you get the policies you need.