Professional Liability (E&O) Insurance
What is Professional Liability Insurance?
Professional liability insurance is financial protection for professionals against the mistakes they can make in doing their everyday jobs. Just like doctors have medical malpractice insurance to defend themselves against lawsuits, other types of professionals--such as architects, engineers, real estate agents, and technology professionals--need protection in case they make an error or omission on the job. Professional liability insurance coverage pays the insured's defense costs and damages in the case of a claim.
Why do I need professional liability insurance coverage?
Even though professionals always try to do their best for their clients, mistakes do happen. And in such a litigious society, lawsuits have become an inevitability. Professional liability insurance coverage not only pays judgment costs, it also prepares you for a lawsuit by paying claims defense costs. After all, even the fraudulent claims cost your business money.
What Limits of Coverage can I purchase?
Professional liability insurance limits are available from $300,000 to as much as $20,000,000 for large firms. Deductible options are also offered. We offer a number of top National Insurance Carriers to our clients.