Professional Liability Insurance provides vital protection to a broad
array of professional service providers. These entities typically face
claims of negligence arising from services rendered for a fee as well
as for economic losses sustained by third parties due to the insured’s
negligence. Coverage is usually tailored to meet the specific and
unique needs of each insured.
Benefits & Features
- Responds to claims or suits brought against an insured arising out of any actual or alleged negligent act, error or omission, misstatement or misleading statement committed by rendering or failing to render professional services for others for a fee.
- Typically covers wrongful acts committed anywhere in the world provided that the suit is brought against the insured in the US.
- Policies are written on a claims-made and reported basis.
Classes of Business
- Business Consultants
- Lawyers / Law Firms
- Public Relations Firms
- Marketing Firms
- Advertising Agencies
- Various many other classes