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Liability Insurance for California Professionals

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Published on: December 17, 2013

For cost effective professional liability insurance, California businesses and professionals can depend on Mitchell & Mitchell Insurance of Novato.

At Mitchell & Mitchell Insurance we strive to guarantee that our clients have the highest quality coverage strategies that they both need and deserve. We work hard to recognize extreme risk exposures that could put a strain on your business venture—one source of risk that requires specialized attention is Professional Liability.

As a professional, you know that liability is serious—it’s a crucial component to maintaining your business, your finances and your overall reputation within the community. For professionals in the specialized medical field, such as doctors, surgeons, dentists and chiropractors, this form of coverage is best known as malpractice insurance; while lawyers, accountants, architects and engineers have come to know this additional protection as professional liability insurance.

California professionals, like professionals across the globe, make mistakes. Even professionals who are equipped with the best employees, the best management team and have the best risk management practices in place have been known to make an error. No matter what type of business you are involved in or how specialized your services are, your coverage needs come down to one thing—if you are in the business of providing a service to your client for a fee, you are vulnerable to professional liability risks.

Having customized professional liability insurance in California will provide you with the protection needed in the event that your service resulted in physical, mental or financial loss for your client. Typically, professional liability will cover court fees and defense costs, even if the lawsuit you are battling is unwarranted.

Each business and every professional is different, which is exactly why your professional liability coverage should be unique. You’ve worked so hard to build a positive, credible reputation for yourself—why let it be exposed to liability risk?

Contact Mitchell & Mitchell Insurance today to learn more about your options for professional liability insurance in California.

How Much Professional Liability Should Lawyers Purchase?

As a lawyer, you are well-versed in the ways that the law and judicial system work. However, what you may not be as knowledgeable in… insurance. Luckily, you have our experts here at Mitchell & Mitchell Insurance Agency to help you with this.

Today, let’s focus on a common question: How much professional liability insurance should I be purchasing?

To be honest, the amount of coverage you should purchase should be determined once you look into the types of risks your practice could face and your financial situation. There are a few factors you may want to consider: indemnity for liability, trial/claims proceedings, potential defense costs, frequency of claims, severity of claims, etc.  You should also take into account what you will need to protect your own assets as well as your clients.

Of course, the amount of coverage will always depend on your situation. For more information and a much more accurate answer, contact our agents. It is much better to sit down and consult with a professional and experienced lawyers insurance agent than to figure this out on your own. The last thing you need is to fall short on coverage. We would be more than happy to speak with you!

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