Three Liability Insurance Options To Protect Your Business

Searching for liability insurance coverage for your business doesn’t have to be tedious or difficult. With the help of the team at Axis insurance, you can quickly find the right coverage to shield your assets in case of a lawsuit. Here are three liability coverages that are available to protect your business.

Professional Liability

Professional liability insurance covers you in case a third party files a lawsuit against your company claiming that an error or omission on your part led to them experiencing a loss. Also known as malpractice insurance, professional liability is often a required coverage for medical practitioners.

Cyber Liability

In today’s environment of well-coordinated cyber attacks and huge data leaks, proper cyber liability insurance is needed in addition to your robust network security solutions. In case of a hack or a breach, your policy will cover any associated expenses including fines, communications to impacted parties and credit monitoring services.

Management Liability

Management liability insurance covers the directors, officers and board members within your organization. If a lawsuit is filed against these individuals for their business practices, your policy will pay for any legal fees, settlements and judgments.

Axis insurance has offerings to cover a variety of industries including healthcare, technology, real estate and legal. Their agents can work with you to create a policy that meets your exact needs.