Yes, professional liability insurance typically covers attorney fees, court costs, and settlement expenses, even if the claim is baseless.

General liability covers bodily injury, property damage, and personal injury claims, while professional liability specifically protects against claims of errors, omissions, or negligence in professional services.

Notify your insurer immediately, document all communications, and avoid admitting fault. Your insurance provider will guide you on the next steps.

Professional liability insurance protects you from claims of negligence, mistakes, or failure to deliver services as promised. It covers legal defense costs, settlements, and judgments, helping safeguard your business from financial loss.

Your premium is based on factors such as industry type, business size, claims history, coverage limits, and level of risk associated with your profession.

It depends on your profession and state regulations. Some industries, like healthcare and legal services, may require coverage by law.

Yes, exclusions vary by policy but often include intentional wrongdoing, fraud, criminal acts, and contractual liabilities beyond the scope of professional services.

Yes, you can lower your premium by maintaining a strong risk management plan, implementing contracts with liability waivers, increasing your deductible, and bundling policies with the same provider.

Many clients, contracts, and professional organizations require proof of professional liability insurance to work with you or obtain licenses.

Many policies offer retroactive coverage, meaning claims related to past work may be covered, provided the policy was active during the incident. Always check your policy’s retroactive date.