Professional Liability Insurance, also known as Errors & Omissions Insurance, is specialty coverage that helps protect professional advice and service individuals and companies.
This coverage is for 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. It provides liability coverage not provided under homeowners endorsements, in-home business policies or business-owners policies.
Among the professions needing Professional Liability Coverage:
- Medical Personnel
- Insurance Agents
- Financial Services
Professional Liability can protect your business from potential law suits caused by:
- Errors & Omissions
- Negligence or failure in providing a service
- Misrepresentation of Facts
- Improper Documentation