Professional liability insurance provides insurance coverage for professionals such as architects, lawyers, physicians and other professionals against potential negligent claims made by their clients. This type of insurance is also referred to as errors and omissions insurance. As a professional you are expected to have an extensive knowledge and training in a particular area of expertise. You are also expected to perform the services you were hired for in a professional manner. Should you fail to do so you could be held responsible in a court of law for any harm or damages you may have caused your client or any other person directly affected by your error or failure to perform as promised in your contract.
If you are an individual or business that provides advice, expertise or any professional service you should consider professional liability coverage. This coverage will provide you coverage in the event you provide erroneous service and or if you failed or omitted to perform a service for which you were obligated to perform under your contract. This type of coverage will provide you with the coverage for defending yourself as well as for covering any expenses for damages that you may be held liable for up to the policy limits.
It is very important to note that your commercial general liability policy will NOT render coverage for errors, contract performance disputes or any other professional liability issues that may arise no matter how baseless the allegation may be. For this reason obtaining a professional liability is extremely vital to the safekeeping of your peace of mind.
To obtain more information regarding the professional liability coverage that best suits your needs call us today and speak with one of our licensed agents.
Please note that the information on this site is intended for general information purposes only. In no way does the information on this site specifically refer to coverages reflected on your current and/or future insurance policy; please make certain to review your current policy in detail.
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