Crime insurance policies are designed to meet the needs of organizations and government entities other than financial institutions (such as banks). They provide coverage against burglary, robbery and other forms of theft.
Professional liability insurance protects you in the event that a client is harmed from professional advice and services, which protects companies from negligence claims made by clients. A professional liability policy will help cover the cost of defending a lawsuit against negligence whether it’s alleged or not and any damages awarded.
In order to run any business, an owner must insure the business. Whether it’s the building the business resides in, or the safety insurance required to cover clients, there’s always some insurance that needs to be set in place.