Professional liability insurance, also called errors and omissions insurance (E & O insurance), protects your business if you are sued for negligently performing your services, even if you haven't made a mistake.
 
You should seriously consider professional liability insurance coverage if your business:
•Provides a professional service.
•Regularly gives advice to clients.
•Is requested by a client to have professional liability insurance to complete a contract.

Professional liability insurance will not protect you from everything. For example it will not protect your business from another person’s claims of bodily injury. Some people buy other business insurance along with professional liability


COVERAGE AVAILABLE:

•Errors & Omissions (E&O) Insurance
Errors and Omissions Insurance protects your client against claims of professional negligence. If a disgruntled customer alleges they suffered a significant monetary loss because of your client's incorrect or incomplete work, E&O Insurance pays for your client's
legal expenses.


•Professional Liability Insurance
Professional Liability Insurance kicks in when a third party sues your client, claiming they experienced a financial loss because of your client's error, malpractice, or misrepresentation. Basically, if a customer or business partner sues for negligence, Professional Liability covers attorney fees and settlements or judgments.

•Employment Practices Liability Insurance
Employment Practices Liability Insurance protects your client when they are accused of unfair hiring practices. If an employee - prospective, former, or current - makes an allegation of wrongful termination, sexual harassment, or discrimination, EPLI covers your client's litigation expenses (e.g., lawyer fees and settlements).