If your business does not have Professional Liability coverage you might want to consider Miscellaneous Professional Liability (MPL) coverage and here are a few reasons why.
- Lawsuits can happen when you least expect them and the defense costs can run tens of thousands of dollars. With MPL coverage, if the loss is a covered peril, your defense costs can be covered.
- Your work might be excellent but you don’t have to be at fault to be sued. Frivolous lawsuits still have legal fees.
- Your business may be going through a change in management or teams. This could lead to a liability risk if formerly routine activities are slipping through the cracks.
