It can seem pretty harmless to offer advice to someone who might be asking for it, but when you are a professional giving advice, this can lead to a lot of liabilities. If you happen to be a professional consultant, then you need consultants professional liability insurance. You are a guardian of information, and not all of your consultations may lead to desirable results. As such, if you are ever drawn into a lawsuit over your services, it may be useful to have an insurance policy to back up your costs.
You Are a Guardian of Information
As a professional consultant, you may be exposed to a lot of sensitive information regarding individuals or companies. There could be devastating consequences for your clients if that information were stolen or given to the wrong people. Thus, it is important that you do everything in your power to protect it. If you do what you can and something still happens, then you need a way to protect yourself from the financial costs.
Results of a Consultation May Not Go as Planned
Even when offering advice in a consultation, things may not go as expected. When that happens, dissatisfied clients may decide to sue. Rather than be left covering the costs of attorney’s fees and litigation out of your pocket, a good insurance policy can help cover these costs.
A good consultants professional liability insurance policy is necessary if you are a professional consultant. Make sure you have proper coverage today.