Even though general liability protects against third-party lawsuits, Professional Liability Insurance, sometimes called Errors and Omissions or E&O Insurance, is not the same as General Liability Insurance. Professional Liability protects the insured when a third party claims they lost money because of the insured’s professional negligence (i.e. failure to adequately perform a promised service). Professional Liability coverage does not cover the liability for physical injuries or property damage.

A company that provides any type of professional service, consulting or recommendations to clients, is vulnerable to claims of negligence. Errors, mistakes, miscalculations, or oversights can trigger a customer to claim the company was negligent in delivering the contracted service.

Just as a doctor needs malpractice insurance, other professions like accountants, consultants, and lawyers who are paid for their professional expertise need protection too. We offer robust Professional Liability insurance designed to protect businesses and their key managers who deliver service and advice for a living.

And it’s no secret that the professional liability insurance cost outweighs the alternative of not having the proper coverage. Professional Liability insurance policies will pay any judgment for which the insured is legally liable, up to the policy limit. They also provide for legal defense costs, which can be substantial, even where there has been no wrongdoing.

Unfortunately, we all live in a world that is becoming increasingly litigious with law suits filed with increased frequency. Despite you or your firm’s best efforts a client or customer may feel they’ve been mistreated or led astray by the advice or council your firm provided to them. We are your professional liability insurance company and will make sure you are protected against life’s unknowns.

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