Blog

Oct
24
High Demand for the Commercial Liability Insurance California Professional Advisers Need

Operating any business takes a lot of knowledge, energy and hard work. Since few businesses have the resources to hire staff to cover all fields of expertise, many hire accountants or financial advisers to help keep things running smoothly. These outside firms are one example of professionals who need to ensure that they have adequate commercial liability insurance. California advisers are often the subject of lawsuits. When things don’t go as planned, you don’t want yourself or your business to be financially vulnerable. Like the painter who never gets around to touching up his own home, professional advisers may be so busy giving other people advice on their financial situations that their own financial housekeeping ends up on the bottom of the priority list. So, is it time you reviewed your liability coverage?

Errors in accounting and financial planning advice can have far-reaching consequences for the clients concerned. Mistakes happen, but if your action or advice was ever to lead to financial loss or even hardship for a client, then it’s not only bad for business, it could potentially be the end of your business if you were uninsured or under-insured. With commercial liability insurance, California business owners can rest assured that they are protected in the case that unintentional negligence has led to financial loss. This sort of insurance can cover legal costs should a lawsuit be filed against you, in addition to some of the expenses if you are to lose that lawsuit.
No matter what your profession, everyone is human and not infallible, so California commercial liability insurance is something you need to think about if you’re going to be offering professional advice as part of your business. With that covered, you can go back to helping other business operators succeed!