Professional Liability Insurance
In Need of Professional Liability Insurance?
Professional Liability Insurance, also known as Errors & Omissions (E&O) insurance, is a type of business insurance that protects small businesses and professionals from the financial consequences of errors or omissions made during the delivery of their services to customers. This coverage is critical for any professional who provides advice, consultation, or technical services because it can protect them from costly litigation due to mistakes or oversights.
Professional Liability Insurance offers financial protection if a client experiences losses as a result of negligence, errors, or omissions made by the insured individual or business. Common situations that are covered under this type of insurance include miscommunication between the service provider and their customer, failure to provide adequate advice or services, incorrect diagnosis of an issue, and intellectual property disputes.