Professional Liability Insurance Expert Witnesses Part 7

Professional liability insurance expert witnesses may write reports and opine on professional indemnity insurance, errors & omissions insurance, and malpractice insurance, among other topics. On the website Everything Small Business, find the article Small Business Liability Insurance – The 4 Types That You Need To Protect Your Business:

Other Types of Small Business Liability Insurance
Just as health insurance for small business is vital to the owner to protect the business entity, these types of insurances also work to protect the business against loss in the event of a third party claim. The type of business one owns will determine the type of insurance plans you will purchase.

Self-insured Retention can be negotiated in events where several policies are required. This means that the entity that is being insured will self-defend smaller claims as well as self-insure the smaller claims. This is a riskier type of insurance for insurers as well as the insured, but it can cut down on liability premiums.

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