Professional liability insurance in Arizona

Any business, from Tucson to Phoenix, that provides a professional service or expert advice should carry professional liability coverage, as a client could sue if your service or advice causes accidental harm. Even an unwarranted lawsuit can be expensive between attorney’s fees, court costs, or a settlement.

Industries often at risk for professional liability claims include:

Most Arizona small businesses are not required by law to carry professional liability insurance. However, you might need this coverage to sign a contract or to get a license in your field.

Professional liability insurance covers your legal defense costs if you’re sued over a mistake in your professional work.

Even if you’ve done nothing wrong, a legal battle can be expensive. In addition to your attorney’s hourly rate, you’ll likely be charged for administrative costs such as copying, filing, and travel expenses. You may also have to pay for expert witnesses to testify on your behalf, a court-ordered legal judgment, or a settlement to avoid trial.

Professional liability insurance covers all of the above up to the coverage limits of your policy. The policy limits you choose should take into account how expensive it can be to fight a professional liability lawsuit. You also need to determine the amount of coverage required to obtain a contract or work in a certain field.

Small businesses with low risks can find affordable professional liability coverage. If you're unsure how much coverage you need, talk to a licensed agent.

General liability insurance doesn’t include professional liability coverage. General liability covers common business risks and liability claims such as customer injuries, customer property damage, and advertising injuries.

If a customer falls and suffers a bodily injury at your workplace, it would be covered by your general liability policy, including any legal defense costs. If someone sues you over unsatisfactory work, it would be covered by your professional liability coverage.

Read more about commercial general liability vs. professional liability insurance.

General liability and professional liability are often the first two policies bought by small business owners. However, they aren’t the only types of business insurance you might need.

Workers’ compensation insurance is required for all Arizona businesses that have employees. Workers’ comp covers the cost of employee injuries and illnesses related to their jobs.

Commercial property insurance covers your business property and physical location. It’s often required to sign a commercial lease.

A business owner’s policy (BOP) combines general liability coverage and commercial property insurance. It’s usually less expensive than buying each policy separately.

Commercial auto insurance is required in Arizona for any vehicles used solely for work purposes. This business insurance auto policy covers costs related to an accident involving your work vehicle.

Cyber insurance covers the cost of dealing with a data breach or malicious software attack.

Employment practices liability insurance (EPLI), a type of management liability insurance, protects against legal expenses related to claims of harassment, discrimination, wrongful termination, and other violations of employees’ rights.

Complete Insureon’s easy online application today to get business insurance quotes from top-rated U.S. providers. Our licensed insurance agents can help answer any questions and provide advice that is specific to your business insurance needs.

Once you find the right Arizona business insurance, you can obtain your certificate of insurance and begin coverage in less than 24 hours.