Professional liability insurance covers negligence or errors that cause damage or injury to a client. Many businesses carry this coverage as a standard part of their insurance portfolio, but others only need liability protection occasionally. If your business only needs coverage for a small, one-off job, a short-term liability policy might be a better fit. Have questions? The professionals at City Centre Insurance Agency LLC, serving Houston, TX, can help you understand this type of coverage and how it might benefit your business.
What Is Short-Term Liability Insurance?
Short-term liability insurance provides coverage for a brief, defined period. How brief depends on the policy; some last just a few days, while others may cover a single day or less.
Why Get This Type of Insurance?
Suppose you’re a carpenter who builds chairs and tables and sells them directly to customers. A client asks you to build and install a cabinet in their home. You don’t typically carry liability insurance, but since this job involves working on-site in someone’s home, you decide to purchase a short-term policy to cover you for the duration of that project.
What Are the Downsides of Temporary Liability Insurance?
Temporary liability insurance only covers you for a limited window, and once that policy ends, so does the coverage. That means you could end up with gaps that leave your business exposed. In some cases, a short-term policy is perfectly sufficient. In other cases, a business may need full, ongoing liability insurance to remain adequately protected.
Need Commercial Insurance? Call Today
If you need temporary liability insurance, the professionals at City Centre Insurance Agency LLC, serving Houston, TX, can help. Call today to speak with one of our insurance professionals.
