Professional Liability Insurance

Also known as Errors & Omission Insurance (E&O), Professional Liability Insurance protects your business from negligence allegations against you, and can protect against claims as a result of any services previously rendered or work done anywhere in the world.

 

 

Purchasing this kind of insurance is something to consider for small businesses that provide professional services or advice for its clients.

 

 

Professional Liability Insurance protects a small business owner in the event that they are sued for negligence as a result of their work not meeting a client’s expectations.

 

This type of insurance offers a range of coverage types for small businesses, including:

 

  • Alleged or actual negligence – Protects a business against actual or alleged errors and omissions when providing professional services, such as giving incorrect advice, an omission, or failing to deliver a service.
  • Defense costs – Provides legal defense when a covered claim is reported.
  • Personal injury (e.g., libel or slander) – Can provide protection for small businesses against both libel and slander if it’s committed as part of your professional services.
  • Copyright infringement – Can provide coverage for damages or claims expenses for copyright infringement.

 

Professional liability insurance can also offer coverage for claims from services provided in the past and work performed anywhere in the world.

 

 

 

 

 

 

 

LEARN MORE ABOUT PROFESSIONAL LIABILITY INSURANCE

 

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