At CFTPAYINSURE We understand the need for insurance that covers you when others do not.

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What else does professional liability cover? A policy could also help protect your business against the following types of claims:‍ ‍See note1 Negligence You or someone who works for you may not meet professional obligations like a critical deadline that costs your client. Mistakes Made by Contractors The general or third-party contractors you hired could make mistakes on your client's project. Misrepresentation You or one of your employees may give false or misleading information that affects your client's decision to sign a contract. Inaccurate Advice Your client could lose money after they act on advice your company gives them. Violation of Good Faith and Fair Dealing Your business may do something that results in your client not getting the full benefits of a contract. Do I really need professional liability insurance? Even if you or someone who works for you didn't make the mistake, your client can still file a lawsuit if they believe your company was responsible. Without professional liability coverage, you may have to pay your legal expenses out of pocket. It may be required. Some professional licenses may require it. For example, certain states require doctors and some other medical professionals to have coverage. And some clients may ask you to have it before doing business with you.