Process server insurance is a specialized form of insurance designed to protect process servers (also known as process agents, process service agents, or process agents) against claims that may arise from the service of legal documents. This type of insurance typically covers legal expenses, judgments, settlements, and other costs associated with claims arising from the service of legal documents. Coverage may also include personal injury, property damage, and professional liability.
Who Needs Process Server Insurance?
Any person or company that delivers legal papers to designated individuals on behalf of another party is in need of process server insurance. In most cases, this applies to process servers, private investigators, legal document assistants, and court filing services. This type of insurance is designed to protect the process server if they are sued. It can help cover the costs associated with legal fees, court costs, and any damages that may be awarded to the other party.
Types of Process Server Insurance
1. General Liability Insurance: This type of insurance covers claims of bodily injury or property damage resulting from the process server’s negligence while performing their duties.
2. Errors and Omissions Insurance: This type of insurance covers mistakes made by the process server, such as incorrect addresses or documents not being served properly.
3. Bonding Insurance: This type of insurance protects a process server’s clients in the event of negligence or dishonesty on the part of the process server.
4. Cyber Liability Insurance: This type of insurance covers claims related to data breaches or other cyber-related losses.
5. Commercial Auto Insurance: This type of insurance covers claims related to any vehicles used in the process server’s business.
How Much Does Process Server Insurance Cost?
Process server insurance typically costs around $500 per year. The price of process server insurance depends on the type of coverage and the amount of coverage purchased. Some policies may also require a deductible, which can increase the overall cost.
Process Server Insurance Requirements
Process server insurance requirements vary by state and by the type of process service you are providing. Generally, most states require process servers to carry errors and omissions liability insurance and general liability insurance. Errors and omissions insurance covers any mistakes or negligence that may occur in the course of providing process service, while general liability insurance covers any property damage or bodily injury caused by the process server’s actions. Some states may also require process servers to carry worker’s compensation insurance if they have employees.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7389 Business Services, Not Elsewhere Classified
- NAICS CODE: 541199 | All Other Legal Services
- Suggested Workers Compensation Code(s): 8820 Attorney – All Employees & Clerical, Messengers, Drivers
Process Server Insurance – The Bottom Line
Process server insurance is essential for any process server who wants to protect themselves and their business from the potential risks associated with their profession. It is important to have the proper coverage to ensure that you are fully protected in the event of an accident, injury, or lawsuit. Be sure to speak with a qualified insurance agent to find out what type of coverage is right for you and your business.