Professional Liability Insurance Helps Protect The Company You’ve Worked So Hard to Build

You’ve got your company formation plan. You know what your company should look like in the next three months, six months, a year…even five years. However, just as you think that everything is going to be neat and planned out, you might not realize what you’re overlooking could really spell out the beginning of a real disaster. You need to think about the potential to be sued by your clients — yes, even if you’re a consultant!

Professional liability insurance is something that a lot of UK consultants, researchers, and other “soft product” business owners don’t think about getting, because they figure that they don’t sell anything but time and services. How would they ever be sued by anyone?

Well, the trouble here is that the connection isn’t made between the work that you do for your clients and the potential for injury to their business. For example, you might be a computer repair technician that has a set of clients that come to you month after month. If you bring an assistant that turns around and spills soda into a 5000 Euro machine, you’re going to be in for a real disaster. The company has the right to sue you in order to collect damages. Those damages can be expensive without insurance.

Yet if you were to get professional liability insurance, you wouldn’t have to worry about the what-ifs in the day to day operations of your company. You could keep on taking care of your clients knowing that you’re going to be protected against damages, loss, and time away from work.

Not sure what insurance company to go to about this type of thing? Why not check out Markel Direct, a company devoted to giving you customized professional liability insurance.

How customized? Well, with the addition of special covers you can get the type of insurance that matters for your business. For example, you can add on public and product liability insurance that would cover the cost of defending your business in court if someone is injured or they experience loss or damage to property while you’re going around your business or supplying products.

If your business tends to involve inventory that leaves your business premises, you can get a specialist cover for that as well.

Overall, now is the time to make sure that you get the insurance that you need in order to protect the company that you’ve worked so hard to build!