Most businesses want to protect themselves and their employees from the possibility of a dissatisfied customer making a claim against them. However, there are a number of ways to do this. Choosing general liability vs professional liability can depend on your insurance needs. Here are some things you may want to know.
General liability coverage provides protection against most general risks associated with running a business. This can include libel or slander, mishaps on the property that involve a customer, or damages to another’s property as a result of a service the business was providing.
Professional liability coverage differs from general liability because these policies are written to cover the professional side of business operations. Professional liability covers the services provided and in many cases are written for specific risks often not included under general coverage. These may include lost paperwork or misunderstandings over policy that may lead to a dissatisfied client making allegations.
General liability can cover the basics of most liability coverage needs. Professional liability policies can be written to cover the risks associated with the profession the policy is written for. The deciding factor in general liability vs professional liability really comes down to what insurance needs you are trying to meet. An insurance agent can help you choose the right policy for your needs.