PROFESSIONAL LIABILITY INSURANCE

Protect your reputation and financial stability, with professional liability insurance.

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WHAT IS PROFESSIONAL LIABILITY INSURANCE?

Professional Liability insurance, also called Errors & Omissions, covers mistakes in your work. Mistakes causing customer financial loss can lead to negligence claims, legal fees, and court dates, hindering your business. Professional liability insurance protects you in such cases.

WHAT DOES PROFESSIONAL LIABILITY INSURANCE COVER?

Professional Liability insurance protects you if a client claims you made a costly mistake, even if you’re not at fault.

General liability insurance covers third-party bodily injury or property damage, while professional liability insurance protects against claims of financial loss due to your professional services.

The insurer investigates when a customer claims you or your crew were negligent, such as missing a deadline or acting unprofessionally.

The insurer defends you in legal proceedings if claims arise that you didn't fulfill a part of your deliverable or service, such as the word count on an article or the file format of a wedding video.

The policy not only helps cover costs for valid claims but also defends you against baseless claims.

HOW MUCH DOES PROFESSIONAL LIABILITY INSURANCE COST?

On average, small business owners pay about $45 per month or $500 per year for professional liability (PL) insurance. The cost of PL coverage varies based on factors like your industry and location. Higher-risk jobs and metropolitan areas generally result in higher premiums.

QUESTIONS?
WE HAVE ANSWERS

Explore our FAQ'S to learn more about Professional Liability insurance

Is professional liability insurance required by law?

Professional liability insurance is not usually required by law but may be mandated for certain professions, like healthcare or law, and could be required by clients or contracts.

Can I get my professional liability and general liability insurance under one policy?

Yes, you can often get both professional liability and general liability insurance under one policy, typically through a Business Owner’s Policy (BOP). However, depending on your business and insurer, you might need to purchase professional liability separately.

How do I show proof I have a professional liability insurance policy?

To show proof of professional liability insurance, you can provide a Certificate of Insurance (COI). This document, issued by your insurance provider, verifies your coverage, including policy details like limits, effective dates, and insurer contact information.

How do I file professional liability claim?

To file a professional liability claim, contact your insurer, provide relevant details about the incident, and cooperate with the adjuster’s investigation. Your insurer will assess the claim and either offer a settlement or legal defense, depending on the coverage.

WHAT PEOPLE
SAY ABOUT US?

Read testimonials from our clients on how our programs have helped them protect their employees and save money on insurance payouts.

Congratulations to Rosa Rodriguez for the quality of her work, helping to obtain the correct information on time. thank you for your great support.

Mrs Joanne is one of the best people to work with! She has guided me through my business obstacles. I recommend her to anyone starting a new business!

Sandra Cruz from OCMI is absolutely amazing also the other staff too but no one can't compare Sandra Cruz, she's simply the best.

Andres was very professional. Followed up throughout the process. Excellent service.