Professional Liability Insurance
Any professional in any field is expected to possessskills and knowledge resulting from specialized training and experience.
When a client or customer believes you have not conducted yourself according the standards of your profession or that you have been negligent in some way you can be sued. Standard business liability policies do not cover these situations. To supplement general liability protection you may need a specialty coverage known as Professional Liability Insurance or sometimes Errors and Omissions Insurance.
DEFINITION of ‘Professional Liability Insurance’
Insurance that protects professionals such as accountants, lawyers and physicians against negligence and other claims initiated by their clients. It is required by professionals who have expertise in a specific area because general liability insurance policies do not offer protection against claims arising out of business or professional practices such as negligence, malpractice or misrepresentation.
BREAKING DOWN ‘Professional Liability Insurance’
Depending on the profession, professional liability insurance may have different names, such as medical malpractice insurance for the medical profession, and errors & omissions insurance for real estate agents. Professional liability insurance is a specialty coverage that is not provided under homeowners’ endorsements, in-home business policies or business-owners’ policies. It only covers claims made during the policy period.
We has access to over 30 different carriers. We shop multiple A.M. Best A rated companies to find you comprehensive coverage at the best value.
Our relationships with trusted carriers, as well as our pride in having Great Attitudes, Great Service and Great Rates, is what separates us apart from our competition. We are consistently looking for and adding new companies to our agency. This helps keep your insurance cost low.
Get a quote from us today. We look forward to working for you