Pharmacy Daily | Professional Liability Insurance: How to Protect your Business and Reputation Risk

IN today’s economic climate of increased responsibility and accountability, it’s more important than ever for professionals to protect themselves and their company against legal liability, threat of litigation and potential damage to their reputation. Here are three ways to protect your business and professional reputation risk. 1. Directors and Officers Liability Insurance Provides protection for directors, senior executives, and other officers against the risk of liability arising from their duties. 2. Statutory Liability Insurance Protection for companies and individuals against certain liabilities that result from breaches of legislation. 3. Professional Indemnity Insurance Protection against a wide range of potential actions arising from breaches of professional duty. Professional Liability Insurance is an essential component of risk management that provides valuable cover for businesses and professionals across a broad range of industries. It enables you to operate confidently and securely in the knowledge that you’re covered for the potential exposures facing you and your business. Contact your professional advisor who will assist you with identifying potential risks in your business and find the right solution for you. contributor is Tony Carollo, Director - Carollo Horton & Associates

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