Insuramerica of FloridaOpenSpace

Professional liability insurance protects your business assets from claims that may result from advice, experience or professional services you provide. If your business engages in these activities, you could be at risk for being sued by a customer, client or other party who claims he or she lost money or was harmed in some way due to a negligent act, error or omission.

As a business professional, you know the importance of Professional Liability Insurance. Our team can help you identify and evaluate your exposures to loss. We will help you implement policies and procedures to reduce costs through proven loss prevention and loss reduction techniques. We will also assist you in determining which risks should be assumed internally by minimizing or eliminating exposures.

Who generally purchases professional liability insurance?

Any individual in a profession that provides advice, experience, recommendations or a professional service to customers, clients or another party would benefit from professional liability insurance.

Why buy professional liability insurance?

Professionals are expected to have extensive knowledge or training in their area of experience. Additionally, they are 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, they can be held legally responsible for any harm or financial loss that they cause to another person or business.

What does professional liability insurance cover?

Professional liability insurance protects you in cases of faulty service (errors) or failure to provide a service altogether (omission). This type of insurance coverage pays the cost of your defense and any damages awarded (up to policy limits). Insurance companies have developed many specialized policy forms that respond to the individual risks of particular professions and services.

How is liability coverage categorized?

Professional liability insurance coverage is specialty coverage and is generally not included under homeowners insurance, in-home business policies or business owners policies.
We’re happy to help with your assessment. Feel free to call our licensed agents to learn how others in your profession have protected themselves and to receive a quote on a professional liability insurance policy that fits your small business’s needs.