Malpractice insurance is a coverage designed for professionals like lawyers and doctors, as well as their businesses. It protects against damages, loss or expenses that occur due to errors or negligence committed by the insured while offering professional services.
This kind of insurance will cover faulty services (errors) or your failure to offer a service altogether (omission). When you get this plan from Stonewall Grace Insurance, your business will be protected from liability associated with medical expense, bodily injury, and property damage, including the costs of defending lawsuits that relate to these claims. Like with other liability insurance plans, the premiums are determined by the professional service you are providing and its level of risk.
Why do you need malpractice insurance for your company in Buena Vista, Virginia?
You need to get this coverage if you and your workers:
- Interact face to face with clients. Do they visit you for general checkup or consultation? Do you attend your customer at their place of work, particularly when there is an emergency case?
- Represent your customer’s business.
- Are required to get liability insurance before you can get a contract.
Additional liability coverage
As a business owner, it’s important to get supplemental insurance coverage to protect your company. Depending on your needs, consider getting these other policies:
- Business Owners Policy (BOP)
This policy will include general liability as mentioned earlier, but also covers your financial assets. It acts as a two-in-one plan that gives you more options to protect your business.
- Commercial insurance
This plan offers insurance coverage for your general business and may even cover vehicles and other assets.
Do you have any specific questions or you need an expert who can guide you to get the right coverage in Buena Vista, VA? Stonewall Grace Insurance is here to help. Our knowledgeable and friendly agents will answer all your queries and help you make an informed decision to protect your business.