Video Courtesy of The Hartford: Information Technology General Liability vs Professional Liability
So what’s the difference between general and professional liability insurance? Well if someone trips and falls at your office its general liability insurance that helps protect your business.
But what if custom programming services provided to a client caused that client to suffer financial damages? General Liability insurance doesn’t cover that.
Or what if you lose or corrupt a customers data? General liability insurance won’t cover that either.
The Hartford professional liability coverage helps protect businesses from potential loss situations that general liability does not.
Imagine this, an IT company’s top client stops making payments and walks away from a contract that is in place. When the IT company attempts to collect the money owed, the client countersues with allegations negligence and failure to perform.
With the Hartford professional liability coverage, the IT company is protected. [Hartford] will investigate the claim and defend the suit. General liability insurance just does provide.
Understanding the difference between general liability and professional liability is important. But even more critical is making sure your business is property protected on both fronts.
For most businesses it is a good idea to also work with a single carrier for general liability and professional liability coverage. Why? With one carrier businesses are less likely to risk unintended gaps in coverage due to differences in policy forms and language. Plus, businesses avoid possible coverage disputes between different carriers if there is question as to where the coverage lies for a claim.
With over 25 years of experience protecting technology businesses, The Hartford is a smart choice for any business. Our Nation-wide staff of experienced underwriters, claim specialists, and loss prevention experts specialize in the unique risks that technology businesses face.
Contact us to learn more. The Hartford; helping small businesses prepare, protect, and prevail so they can play on.
As independent agents, The Hartford is just one of the markets RISKPRO Insurance Agency is directly appointed with to obtain quotes for our clients. There is no additional cost added to the policy for using an independent agent and your premiums are likely to be lower due to our experience and negotiation on your behalf. The other benefit to using an independent agent is our access to many different insurance markets. So if by chance The Hartford is not the best fit for your business, we will work with other insurance companies to help you find coverage to meet your specific insurance needs.