Professional Liability Insurance (PL), also called Errors and Omissions Insurance (E&O Insurance) or malpractice insurance, protects your clients if they are sued for negligence in performing professional services, even if they haven’t made a mistake.
A customer could sue your client because they did something they shouldn’t have, or they didn’t do something they should have, while providing professional services. Businesses that provide advice as part of their professional services should consider Professional Liability Insurance.
What does Professional Liability Insurance cover?
Alleged or actual negligence
Defense costs
Personal injury (e.g., libel or slander)
Actions of temporary staff and independent contractors
Claims arising from professional services provided in the past (in some cases)
Fast facts about Professional Liability Insurance
Insurance Business America 5-Star Award Winner for Professional Liability Insurance
Admitted
$5m revenue limit through
Up to $5 million policy limit
Start-up friendly
$270.00 minimum annual premium
Deductible options from $0-$10k
Available in 49 states across the US (excluding Alaska)
Policy documents will be sent to both you and your client
Automatic renewals after 12 months
Appetite Profile
Professional Liability Insurance is available for hundreds of professions. Some of the most popular classes include:
Allied health
Architects and engineers
Creative
Consultants
Financial services
Small contractors
Landscape and janitorial
Marketing/PR
Technology