Every year, large and small businesses alike are confronted with costly lawsuits due to professional liability allegations. According to the US Chamber Institute for Legal Reform, around 43% of small businesses face such legal battles. Unfortunately, court costs, attorney fees, and settlements could mean the end of your small business if you lack professional liability insurance. The average contract litigation costs over $90,000. Even if you're not at fault, frivolous cases could cost up to $5,000, according to the National Center for State Courts. Simple administrative mistakes by the b