What is Professional Insurance?
Professional Insurance is typically specialized insurance to provide for either mistakes or errors caused
by professional actions or decisions. Professional Insurance is most commonly called E&O or Errors and
Omissions Insurance. All professionals need E&O because all of us, regardless of our profession, make
mistakes. A Professional Policy will provide for both the defense costs of the professional and any
awards given because of errors and omissions in their professional work. Like most forms of insurance,
punitive damages are excluded as are claims when/where the professional intended to cause injury.
Why is Professional Insurance Important?
There are three significant reasons this coverage is important.
- First, professional exposures are excluded in the standard General Liability policy. So, while
professionals still need a GL policy, they also need this coverage as most claims that they might
experience will involve their professional work. - Second, we live in a very litigious society. Professionals may do everything right and still be sued.
It’s my opinion that many often look for others to be at fault when bad things happen.
Professionals are easy targets. - Finally, often such insurance is required. For example, some states will not issue licenses unless
the professional is able to prove they have minimum levels of insurance. Virtually all
Professional Firms will not employ professionals unless coverage is in place. For example, I
cannot be contracted with insurance companies unless I maintain adequate levels of
professional insurance.
- First, professional exposures are excluded in the standard General Liability policy. So, while
How Our Team Can Help:
Our experienced team of insurance professionals is here to guide you in determining your needs and finding the appropriate solution. We do this in several ways:
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
closely with you to customize an insurance plan that meets your specific needs and budget. - Risk Assessment: We will conduct a thorough risk assessment of your operations or ownership
interests to identify potential hazards and recommend appropriate coverage options. - Claims Assistance: In the event of a claim, our dedicated claims specialists will assist you
throughout the claims process, ensuring a smooth and hassle-free experience. - Expert Advice: With our in-depth knowledge of the insurance market, we can provide expert
advice and guidance to help you make informed decisions about your insurance coverage.
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
Get Started Today!
Protect your investment and minimize financial risks with Professional Insurance. Contact our team
today to learn more about our insurance solutions and how we can help safeguard your ownership or
business interests.