PROFESSIONAL LIABILITY INSURANCE
Contact
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Landline: (227) 250 - 0009
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Licensed in MD, PA, NJ, VA, DE
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For Business Entities and Individuals
Professional Liability Insurance
Professional liability insurance is designed to protect professionals, such as real estate agents, accountants, consultants, lawyers, and healthcare providers, from claims of negligence, malpractice, or errors in their work. This type of coverage addresses risks that general liability insurance does not, ensuring professionals are adequately protected.
Errors & Omissions and Medical Malpractice Insurance
The specific name for professional liability insurance often depends on the profession. For example:
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Real estate agents may require Errors & Omissions (E&O) insurance.
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Healthcare providers typically need Medical Malpractice insurance.
Coverages
Professional liability insurance is not included under general liability insurance, a business owner's policy (BOP), or homeowner insurance.
A Professional Liability Policy provides coverage for losses resulting from claims made during the policy period. These claims must arise from a covered error, omission, or negligent act committed in the course of the insured’s professional business during the policy period.
Professional Liability Insurance typically covers follows:
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Errors, Mistakes, and Oversights
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Negligence or Failure to Meet Standards
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Inaccurate Advice
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Personal Injury
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Copyright Infringement
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Defense Costs
Examples of professions who need the professional liability insurance:
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Real Estate Agents
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Accountants
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Consultants
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Healthcare Professionals
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Technology Professionals
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Advertising Agencies