When your business handles services that are very personal, it’s important to have the right insurance in place to protect your clients and your business. Professional services insurance is a great way to manage this.
When a business provides services that are personal, like wedding photography, beauty and spa services, financial advice, estate planning or business consulting services, having the right type of professional services insurance policies in place helps cover the costs associated with being sued by a client.
Some clients require proof of professional services insurance before they’ll sign a contract. Having it in place not only protects the business, it also establishes the owner as a responsible professional.
When customizing a professional services insurance package, the business owner should choose the types of property damage insurance, general liability insurance and business income insurance that best fit their budget and company size.
To find out more about how professional services insurance helps keep small businesses that provide personal services on the right track, please contact us today.