Professional Liability

Professional Liability (PL) insurance is also commonly known as Professional Indemnity Insurance (PII). It’s also regularly referred to as Errors and Omissions (E&O) insurance. This type of liability insurance helps mitigate risk by protecting professionals providing advice and services as well as companies and institutions.

Working confidently means mitigating risk while performing your duties.

The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.

Professional Liability coverage sometimes provides for the defense costs, including when legal action turns out to be groundless.

Professional Liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

Professional Liability insurance may take on different forms and names depending on the profession, but no matter what it’s called it’s a necessary component of doing business in a service capacity.

Professional Liability Services

  • Appeal Gap Warranty Insurance
  • Architects & Engineers Errors and Omissions Liability
  • Association Professional Liability (APL)
  • Authors Liability (AUL)
  • Bankers Professional Liability (BPL)
  • Contingent Tax Liability
  • Cyber Liability
  • Dentists Professional Liability (DEN)
  • Educators E&O (EDU)
  • Electronic Data Processors (EDP)
  • Employed Lawyers Professional Liability (ELP)
  • Errors and Omissions (EO)
  • Excess Liability (EL)
  • Financial Guarantee Bonds (FGB)
  • Hospital Professional Liability
  • Insurance Agents/Brokers E&O (IAB)
  • Insurance Company (IC)
  • Internet Professional Liability (IPL)
  • Investment Councellors E&O (IV)
  • Investment Management (IMI)
  • Labor Management Trust (LMT)
  • Law Enforcement/Police Officials (PPL)
  • Lawyers Professional Liability (LPL)
  • Loss Mitigation Underwriting Product
  • Managed Care Errors & Omissions Liability
  • Management Consultants (MC)
  • Medical Malpractice
  • Medical Malpractice/Professional Liability
  • Miscellaneous Prof. Liability (MPL)
  • Mortgage Bankers/Brokers (MOB)
  • Mortgage Impairment (MI)
  • Multi Media (MM)
  • Mutual Funds E&O (MF)
  • Notary E&O (NPD)
  • Patent Infringement (PI)
  • Political Action Committee (PAC)
  • Political Risk (POR)
  • Public Official Liability (POL)
  • Publishers Liability (PL)
  • Punitive Damages Liability (PDL)
  • Punitive Damages Wraparound (PDW)
  • Real Estate Agents (RE)
  • Representations & Warranties (RW)
  • Representations and Warranties Insurance
  • Safe Deposit Liability (SDL)
  • School Board Liability (SBL)
  • Security Broker (SB)
  • Security Investors Protection (SIP)
  • Social Services EMP. (SSE)
  • Special Events Liability (SEL)
  • Surety Bond (SUB)
  • Tenant Discrimination Liability (TEN)
  • Third Party Administrator (TPA)
  • Title (TTL)
  • Trade Credit (TC)
  • Travel E&O (TRA)
  • Trust Department (TD)

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