Professional Liability Insurance
Overview
Professional liability insurance, also known as errors and omissions (E&O) insurance, provides coverage for professionals and businesses against claims of negligence, mistakes, or inadequate work. This type of insurance is essential for protecting your business from financial losses due to lawsuits and other legal claims related to the services you provide.
Types of Coverage:
Negligence: Covers claims arising from mistakes or failure to perform professional duties.
Misrepresentation: Protects against claims of providing false or misleading information.
Inaccurate Advice: Covers claims that your professional advice caused financial loss to a client.
Personal Injury: Protects against claims of libel, slander, or defamation.
Copyright Infringement: Covers claims of using copyrighted material without permission.
Factors Affecting Premiums:
Business Type: The nature of your business and the risks associated with it can impact your insurance costs.
Location: Where your business operates can affect your premiums due to local regulations and risks.
Business Size: The size of your business, including the number of employees and revenue, can influence your premiums.
Claims History: A history of frequent claims can lead to higher premiums.
Coverage Amount: Higher coverage limits and lower deductibles will increase your premium.
How to Get a Quote: To get a quote for professional liability insurance, please visit our business insurance quote form.