Insurance for Professional Services

Cover all of your bases with comprehensive professional services insurance in New York from HCP Insurance.

With HCP Insurance, you’ll have peace of mind knowing your business is safeguarded from potential risks and liabilities.

Cover your work with professional services insurance

Protecting your professional services business is essential for long-term success. If you provide professional services, you know there’s liability involved, but thankfully, professional services insurance is there to manage risks.

What is professional services insurance?

Professional services insurance, also known as business insurance or professional liability insurance, is designed to protect businesses that provide professional services to clients. This insurance helps cover claims arising from mistakes, errors, or negligence occurring in the delivery of professional services.

Professional services insurance also typically bundles coverage for a range of unique risks professional services firms face, such as legal defense costs, employment practices liability, and wrongful termination.

Businesses that fall under professional services insurance include:

  • accountants
  • lawyers
  • marketing agencies
  • financial advisors
  • architects
  • doctors
  • engineers

What are basic types of insurance for professional services companies?

Professional services companies have unique risks that require specific insurance coverage, but these are the three basic types of insurance to start with:

  • professional liability insurance to protect professional services companies from claims arising from mistakes, errors, or negligence in delivering their services
  • general liability insurance to claims resulting from property damage, bodily injury, and other accidents on the business premises
  • cyber insurance to cover the financial costs associated with data breaches, cyberattacks, or other cyber incidents

What additional protections should professional services businesses be aware of?

In addition to professional liability and general liability insurance, professional services businesses should be aware of several other types of insurance protections to safeguard their operations and clients.

How much does professional services insurance cost?

To get an accurate cost estimate for service insurance, it is best to contact insurance providers directly and request quotes.

In the meantime, there are several things to consider that will influence the price of your policy.

These include:

  • the type of professional services you offer
  • business size
  • specific coverage needs
  • claim history
  • number of employees

Choose HCP Insurance for professional insurance

If you’re wondering who can understand your unique need for professional insurance, look no further.

At HCP Insurance, our team understands those who provide professional services need adequate coverage to protect themselves and their business. We also know you need the best price, and the best service.

So, not only are we focused on securing the best coverage for your needs, but we are also dedicated to delivering exceptional service throughout our partnership.

We value your time and strive to make the insurance process as seamless as possible, allowing you to concentrate on what matters most — running and growing your business.

Experience peace of mind knowing that your professional services business is protected by HCP Insurance.

Frequently asked questions about professional insurance

Eager to learn more about the right coverage for you? Find the answers to your top questions about professional services insurance.