What is Professional Liability Insurance and When is it Needed?
Professional Liability Insurance, also known as errors & omissions (E&O) insurance, provides financial protection for businesses and professionals in the event they are sued in conjunction with the performance of their duties as they relate to the services provided by a company or professional. Some typical examples of professionals who need Professional Liability Insurance are: Insurance Agents, Real Estate Agents, Teachers, Tutors, Architects or Engineers.
Professional Liability Insurance is needed if a business, organization, professional, etc.: provides a professional service, regularly gives advice, or is required by its clients to have E&O insurance.
For a professional services business or professional, having Professional Liability Insurance coverage can be an integral part of protecting the business and professional. Accusations of negligence or the failure to perform professional services are things that any professional services business or professional may be sued for, even if they haven’t made a mistake.
Get help now and protect your company (833) 604-1348 . Get help with high risk commercial insurance with our secure quote request tool.