Insuring Professional Services Providers in the Austin Area
By providing a professional service, you put yourself at risk for legal claims of negligence. These legal claims stem from unhappy clients who believe you were negligent, have made a mistake or failed to perform according to the standards of your profession. That is where professional liability, or errors and omissions (E&O), insurance steps in.
At Central Insurance Agency, we advise our professional services customers to review their business insurance portfolios on an ongoing basis. At all times, our goal is that they have liability coverage in place, including coverage for:
- Legal defense costs
- Liability damages
We also review professional liability coverage with business owners who may not realize they require this type of insurance. This is because any type of consultation or recommendation given falls under the category of professional liability.
Professionals We Serve
- Accountants
- Architects
- Beauticians
- Brokers
- Business/career coaches
- Dentists
- Doctors (medical malpractice)
- Engineers
- General contractors
- IT consultants
- Lawyers (legal malpractice)
- Marketing & public relations consultants
- Non-profit boards of directors (directors and officers (D&O) insurance)
- Real estate agents
- Therapists
- Travel agents
And many more! In short, anyone who gives advice, recommendations or holds themselves out to their customers as having specialized knowledge should consider coverage for their professional liability exposure.
Your Business’s Financial Welfare Depends On Proper Coverage
A single negligence claim can have you facings tens of thousands of dollars in legal defense costs. If a court finds you guilty, you then face additional costs to cover damages and potentially the other party’s legal fees. Is your business financially healthy enough to survive this?
Thinking beyond financial harm, a professional services liability claim can also damage your reputation. You need to work with your independent insurance agent to protect your reputation, as well.
Central Insurance Agents Are Here to Help
We have been serving the Austin community since 1958, and have been providing tailored business insurance services to small and medium-sized businesses for decades. As professional service providers ourselves, we also understand that many nuances that come into play in this arena. Let us put our experience and first-hand knowledge to work for you. Call on our dedicated independent agents today.
Request Your Free, No-Obligation Professional Liability Insurance Quote
We emphasize no-pressure services here. If you have questions about liability coverage, pick up the phone and call us. We are happy to support you and provide you with free quotes at no obligation.
Learn more about the full risk management services we can provide to your business by calling512-451-6551 or by emailing our Austin agency.