When you are in the business of giving professional advice, you need Professional Liability coverage, as know as Errors & Omissions (E&O)
Professional liability insurance is insurance that protects professionals such as accountants, lawyers, and physicians against negligence and other claims initiated by their clients. Professionals who have expertise in a specific area require this type of insurance because general liability policies do not offer protection against claims arising out of business or professional practices such as negligence, malpractice, or misrepresentation.
This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies.
However, there are a number of other professions that should consider professional liability including:
Employment Agencies (including Home Healthcare and Domestic Employee Agencies)
Career/Business Trainers & Coaches
Family/Mental Health Counselors
Real Estate/Property Managers
Alpha/Omega Coverage Corp recommends that all businesses have general liability coverage in place. Every business is unique – talk to us today to find out how to get the best price and value on professional liability coverage for you.