Top 4 Professions That Need Professional Liability Insurance

Top 4 Professions That Need Professional Liability Insurance

Professional Liability Insurance in Austin, TX

Many types of businesses and industries require professional liability insurance in Austin, TX, such as sectors that provide services directly to customers. Claims occur daily in nearly every industry, and corporate shells cannot protect individuals from litigation relating to their negligence. Of all the businesses that need professional liability insurance, also known as errors and omissions insurance, the top four include:

1. Real Estate Agencies

Reliable and flexible professional liability insurance in Austin, TX protects real estate professionals from losses as a result of errors and omissions or negligence when performing their services.

2. Property Management Companies

Liability insurance protects property managers against wrongful evictions and tenant discrimination claims even if they did not make a mistake.

3. Mortgage Brokers and Lenders

E&O insurance offers protection against claims that mortgage brokers and lenders may face, such as failure to properly qualify a lender, improper review of loan documents and neglecting to advise a client of age discrimination and risks.

4. Law Firms

Small legal practices and larger law firms can custom tailor professional liability insurance policies to meet their liability coverage needs.

Protect yourself and your business with an E&O policy. Make sure to meet with a trusted insurance agent to find out why you need professional liability insurance in Austin, TX.