Category ArchiveMiscellaneous Professional Liability Insurance

Huntersure LLC

Understanding Miscellaneous Professional Liability Insurance

If you own or manage a company that provides professional services, it’s essential to make sure you have the right level of insurance coverage. One type of insurance you may want to have is Miscellaneous Professional Liability insurance. This type of coverage can help reduce the financial consequences of errors or omissions that occur when you provide services to your clients.

The Basics of MPL Coverage

You may wonder exactly what is MPL insurance? In essence, this type of coverage can help protect your company if there are allegations or lawsuits based on problems with the services you provide. For example, some circumstances that MPL insurance may cover include lawsuit claims that your company failed to meet service deadlines, misrepresented the services offered or made errors during service contracts.

MPL Client Industries

You may consider obtaining MPL insurance no matter what type of services your company provides, but this type of coverage is especially common in certain industries. The insurance firm Huntersure LLC states that MPL insurance may work well for certain professionals: property managers, real estate agents, consultants, bookkeepers, travel agents, and publishers.
Having the right insurance coverage for your company can help protect your financial assets if there is a lawsuit or other legal action. If your company provides professional services, you may want to consider getting MPL coverage that can help offset liability issues related to errors, omissions, and failures that occur during service contracts.