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PROFESSIONAL
LINES
Do I need
professional liability insurance?
Professionals that
operate their own businesses need professional liability insurance in addition
to an in-home business or business owners policy. This protects them against
financial losses from lawsuits filed against them by their clients.
Professionals are expected to have extensive technical knowledge or training in
their particular area of expertise. They are also expected to perform the
services for which they were hired, according to the standards of conduct in
their profession. If they fail to use the degree of skill expected of them, they
can be held responsible in a court of law for any harm they cause to another
person or business. When liability is limited to acts of negligence,
professional liability insurance may be called "errors and omissions"
liability.
Professional liability insurance is a specialty coverage. Professional liability
coverage is not provided under homeowners endorsements, in-home business
policies or business owners policies (BOPs).
Multi-quote
Executive Liability Application (
Document) |
(pdf format)