Professional Liability insurance is a key coverage for many businesses the provide advice or render certain services. It's commonly called Errors & Omissions insurance.
While general liability provides coverage for bodily injury and property damage and for personal and advertising injury, it can still leave many businesses with a large risk exposure: it doesn't cover claims of failure in providing professional services.
Professional liability can cover failing in your 'duty of care,' giving incorrect professional advice, leaving something out (an omission), or failure in performing some service. It could also cover defense costs even if you haven't done anything wrong.
Professional liability policies are usually written on a "claims made" basis, meaning the coverage only apply's when the claim is made during the policy period(s), and often have an option for a retroactive date. It can either be a standalone policy or added as part of a general liability/business owners policy.
Professional liability isn't quite as standard as general liability, so depending on the carrier and class of business the policy is designed for it may extend to personal injury, media liability, or certain cyber liability. Finding the right coverage your business needs may seem hard, but we're here to walk you through the process.
HOURS & LOCATION
6003 Veterans Parkway
Columbus, GA 31909
Monday - Friday
9:00 AM - 5:00 PM
Saturday & After Hours