Protect your tech business with professional and general liability insurance.
Liability insurance can make a significant impact when it comes to running your small business. In the tech industry, there are a plethora of things that could go wrong. Fortunately, liability insurance can help. From general liability insurance to professional liability insurance, they alleviate the financial burden of lawsuits pertaining to damages or quality of work. Invest in the right insurance and check out what you need to know about liability insurance.
Contract Requirements.
Often clients want to ensure that you have adequate liability protection when they hire you. It helps to give you adequate protection for lawsuits and any errors. Additionally, it shows that you’re a professional and that you have risk management strategy and procedure in place.
General Liability vs. Professional Liability.
There are varying kinds of liability insurance, and they cover different instances. When it comes to your technology business, get the right insurance. Most commonly, you’ll need general and professional liability insurance. General liability insurance helps give you coverage for lawsuits that involve claims of negligence, libel, and slander. If there have been any claims of property damage or bodily injury, that’s where general liability insurance comes in. Professional liability insurance helps to give you protection for any issues with your work. From errors to glitches to delays, if there’s any issue with the quality of your work, that’s where professional liability insurance takes effect.
It Gives You Peace of Mind.
Accidents do happen. It’s better to have insurance and not need it than need it and not have it. Even if a contract doesn’t require you to have any liability insurance, it’s still a good idea to take out a policy. If an issue does arise, then you can rest easy knowing that you’re protected.
Safeguard your technology business with both professional and general liability insurance. Contact the professionals at Weaver & Associates Inc. Our team in Arcadia, California provides you with dedicated service and expertise when finding the best personal and business insurance for your needs.
