The basics professionals are expected to have a certain level of competence in their disciplines it’s also expected that they will accurately perform their services, according to the common standards of conduct for their profession. Professional liability division overview whether you are a physician, surgeon, dentist, attorney, accountant, architect, or other professional, your liability coverage needs are unique. In a world where claims are rising, in volume and severity – particularly in the high stakes area of employment practices – there’s no substitute for the type of expertise and advocacy we offer.
Professional liability insurance protects businesses against charges of negligence or harm, based on a professional service or advice you provided. Travelers knows management & professional liability with dedicated policies for private companies, public companies, nonprofit organizations, financial institutions and professional services, as well as managed care organizations, healthcare organizations and community homeowners associations, you'll get the coverage that fits your unique business, responsibilities, and exposures. A listing of various professional liability types of coverage use the links to find an alphabetical listing of company name, address, and phone number by professional liability type.
Professional liability insurance covers a consultant or contractor for claims arising from the rendering or failure to render professional services. What is the difference between professional liability and general liability the concept of “legal liability” is rooted in our court system where sources of liability are. Professional liability what is professional liability insurance professional liability insurance, also known as errors & omissions coverage, provides protection for defense costs and settlement payments for claims that your firms’ work or advice was inadequate, contained errors, or failed to meet specifications. Professional liability (pl) insurance professional liability insurance (pl) is as essential to your dental practice as any instrument or procedure.
Travelers knows lawyers professional liability coverage is specifically designed to offer protection to legal professionals for the array of emerging exposures you face and can help protect your firm against losses resulting from negligence, errors, and omissions in the performance of professional services. The trust professional liability insurance policy covers psychologists in the legitimate practice of psychology for bodily injury, personal injury, advertising injury, and limited property damage. The trust provides professional liability insurance and financial security products for psychologists, with affordable rates and discounts call: 800-477-1200. Get a quote for professional liability insurance protect your business from claims of errors & omissions see how much you could save today. Choosing a professional liability insurance provider is a critical decision for healthcare professionals : : it's not advisable to select the least experienced, lowest cost provider to protect your career.
We offer one of the broadest array of professional liability products in the surplus lines marketplace our staff is a team of experienced professional liability specialists that are committed to providing our wholesale customers with superior underwriting expertise and the best service in the industry. Professional liability aaohn is pleased to partner with nurses service organization (nso) as a benefit to our members nso is the nation’s largest provider of nurses professional liability insurance and has been supporting its insured members with high quality, a rated (am best), broad professional liabilty insurance products. Focuses on the coverage needs of non-medical professional service providers non-admitted product available nationwide with broad coverage customized to fit each customer’s unique risk profile. Professional liability insurance protects professionals, such as lawyers and physicians against negligence and other claims initiated by their clients.
Products our professional liability practice focuses on directors' and officers' liability and related products, medical malpractice liability, and many classes of errors and omissions reinsurance. Professional liability insurance protects your business if you're sued for performing your services, even if you haven’t made a mistake get a fast, free quote for as low as $2250/month insurance is made easy with hiscox. From auctioneers to architects, professional firms are constantly at risk of being sued over the services they perform even if the lawsuit is without merit, defense costs and the impact on your reputation can be costly. Professional liability insurance (pli), also called professional indemnity insurance (pii) but more commonly known as errors & omissions (e&o) in the us, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil.
A berkley company admiral insurance group is a member of w r berkley corporation which operates worldwide in two segments of the property casualty business: insurance and reinsurance learn more. 3 professional liability lawsuit examples many small businesses are sued each year over professional mistakes (real or perceived) according to the us chamber institute for legal reform, 43 percent of small-business owners were either involved in or threatened with a lawsuit in 2013 a small business administration report [pdf] found that litigation alone costs ranged between $3,000 and $150,000. The most respected and comprehensive program in the business offering a variety of insurance agent’s e&o products that are hand-selected for their superior reputation and exceptional performance. An attack on your reputation is personal that’s why the attorneys in our professional liability practice group believe in aggressive representation with a personal touch, working hand-in-hand with you to defend your professional reputation and restore your good name.
Professional liability insurance, more commonly known as errors and omissions (e&o insurance), is a special type of coverage that protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions) e&o insurance can cover the cost of defending. Medical college of wisconsin affiliated hospitals, inc provides professional liability insurance for the residents and fellows it employs. Over a third of us workers have experienced harassment at work – hiscox with high costs and employee well-being at stake, here’s what insurance professionals can do to help businesses address.