What Is Small Business Professional Liability Insurance?
As a business owner, you strive to provide the highest level of service and delivery to your clients. But even with the most conscientious efforts, mistakes can happen and put your business at risk, regardless of whether your business is found to be at fault.
If a client claims damages resulting from a mistake you made in delivering your services, they may take action and file suit against you. The cost to protect your business in such cases can be financially crippling.
Small business professional liability insurance options
Depending on the type of business you own, there are three different ways in which Travelers can offer professional coverage for small business owners:
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Automatically included with your Travelers BOP (business owner's policy) – at no additional cost.
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Added as an enhancement to your Travelers BOP – providing broader coverage limits and deductible options for an additional premium.
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Available as a stand-alone professional liability policy – value-added benefits and coverage features for businesses with more complex professional exposures.
Consider coverage for when mishaps happen
If your business is based on providing professional services, advice or recommendations to your clients, the simplest things can lead to unexpected legal action against your company:
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An accident
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An unintentional oversight
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A misunderstanding
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Poor documentation
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Miscommunication
Customize your solution
Travelers builds specialized solutions for small business.
Related products & solutions
Business owner's policy (BOP)
Provides a broad array of standard coverage features specifically designed to meet the property and general liability needs of small commercial customers, with the flexibility to further tailor coverage to meet your specific business needs.
Cyber
We understand the complexity of cyber threats and have cyber liability insurance solutions to help protect your business assets.
Management and professional liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.
Employment practices liability
Travelers employment practices liability insurance includes coverage for defense costs and damages related to various employment-related claims.
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