What should I look out for when choosing Professional Liability Insurance?

There are five main points to consider when choosing a Professional Liability Insurance policy:

1. Coverage: Make sure the insurance matches the specific risks associated with the profession. Each professional field has unique risks, and coverage can vary significantly between insurers.
2. Insured Amount: Choose an insured amount that fits the risks and the requirements of clients. In some professions, a claim can amount to millions of euros.
3. Retroactive Coverage: Check whether the insurance also covers past mistakes.
4. Costs: Compare premiums and conditions to find the best value for money.
5. Claims Handling: A swift and professional handling process is essential. Experienced claims handlers ensure that the relationship between you and your client remains as intact as possible.