A simplistic way to identify the potential need for Professional Liability coverage is to consider if your business is in the practice of giving advice or administering some sort of care to persons or their business and finances.
If your business requires a professional certification and you are positioning yourself as a reliable expert in a certain field, you more than likely should be purchasing Professional Liability Insurance. Occupations such as lawyers, financial advisors, and counselors are obvious candidates for this type of coverage. However, there is also a need for Professional Liability coverage in less obvious circumstances. Take, for example, an equine instructor.