Insurance Line

If someone sues you for failing in some way to deliver professional services

 

A Professional Liability policy provides coverage for what is known in medical fields as “malpractice” and in other fields as “errors and omissions.” If someone sues you for failing in some way to deliver professional services, this policy will give you coverage for the settlement as well as legal fees and defense. It covers claims of negligence, misrepresentation, violation of good faith and inaccurate advice.

Professional liability insurance also protects any professional “expected to have technical knowledge or expertise.” Professionals such as accountants, architects, engineers, lawyers, and physicians are the common practices that are protected from financial losses by a Professional Liability Policy if a client successfully sues them. Regular homeowner’s and business insurances do not cover these types of losses.

There are several types of professional liability insurance:

Directors and Officers Liability covers past, present, and future officers of a corporation for damages from neglect, breach of duty, error, or omission, and provides coverage to the corporation for the legal defense of the officer.

Employment Practices Liability provides coverage for lawsuits arising from wrongful acts in the workplace, such as discrimination and harassment.

Errors and Omissions Insurance covers claims resulting from errors you make while conducting your business activities, or failure to delivers services as agreed. This type of policy will typically cover legal fees, court judgments, and court costs not covered by conventional business insurance policies. If you make an error or fail to perform a service that is expected of you based upon standards of professional conduct, you will be exposed to great potential financial risk if you do not have Errors and Omissions coverage.

When you select Econosurance, you will receive the prompt, professional service, experience and care we show each and every one of our clients. Let us prove it to you. Call us today!

Get a professional liability insurance quote at (617) 864-2444.

Simple & Convenient

Start saving on insurance by filling out a quick form.

GET INSURED AND GET COVERED: OUR SIMPLE 3-STEP GUIDE

Card image cap
Get a Quote

Get a quote instantly. All we need is some basic information about your home, auto or business.

Card image cap
Complete the Application

Accepted the quote? You are ready to complete the application quickly & easily online! You will receive all the documents you need and any signatures that are required will be captured via Docusign.

Card image cap
Get Covered

Upon carrier approval, you will be covered and ready to enjoy all the peace of mind that comes with it. You'll receive an insurance binder with all supporting documents.

OUR INDUSTRY-LEADING PARTNERS