Professional Liability Insurance
Professional Liability Insurance Quote Forms
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Professional Liability Insurance Information
Professional liability insurance may cover clients’ claims that your business or agency provided inadequate work or fails to satisfy professional obligations. It is an essential aspect of a comprehensive insurance portfolio for businesses that give advice or provide services.
The knowledgeable team at US E&O Brokers LLC in Houston, Texas, can help you select the coverage that best fits your needs. Contact us today to get started.
What Is Professional Liability Insurance?
Professional liability insurance can provide coverage if a client files a lawsuit against your business alleging a mistake or oversight resulted in financial damages. It may also be known as errors and omissions (E&O) insurance.
What Does Professional Liability Insurance Cover?
Professional liability insurance may provide coverage of claims of the following:
- Professional negligence
- Inadequate work
- Incorrect advice
It can help compensate the affected parties and pay associated legal expenses that arise from these suits (e.g., court costs, settlement and judgments), even if the claim is eventually dropped. Contact your agent for details regarding terms, limits and exclusions (e.g., criminal acts or intentional wrongdoing).
Do I Need Professional Liability Insurance?
Laws, industry standards or specific contracts may require you to carry professional liability insurance. Even if it is not directed, businesses that offer advice or provide professional services should consider adding it to their insurance portfolio as it can supplement your other policies.
What Does Professional Liability Insurance Cost?
The cost of professional liability insurance depends on several factors, including your location, years in business, claims history and coverage limits. The number of employees and clients you have may also affect premiums. Contact us today for a quote.
The experienced professionals at U.S. E&O Brokers can help you get the professional liability insurance your operation needs. Contact us today for details.