Professional Liability
Protect Yourself And Your Business From Claims That Are Not Covered By Your Businesses Commercial General Liability Insurance!
Professional liability helps protect you and your business from actual & alleged errors & omissions from your professional services.
Common Claims Made On These Policies Are:
Misrepresentation
Negligence
Breach of contract
Inaccurate advice
Failure to services
Any business who performs any of the following should purchase a professional liability policy:
Provides A Professional Services
Designs or Pulls Permits
Provides IT Solutions
Gives Advice to Clients
Provides Medical Services
Requested to Complete Contract Requirements
A Few Professions Who Purchase Professional Liability Are:
Accountants, Bookkeepers & Tax Professionals
Advertising Agencies
Consultants
Graphic Designers
Healthcare Professionals
Interior Designers
Real Estate Professionals
Technology Professionals
Architects & Engineers
There is no difference. Different industries refer to it under different names.
Errors & Omissions – Insurance Agents, Attorneys, Accountants
Medical Malpractice – Doctors
Most insurance carriers write professional liability policies on a claims-made policies with a retroactive date. The retroactive date means that you have coverage on or after the retroactive date. When changing a claims-made policy with a retroactive date you need to be sure you maintain your current retroactive date.