Professional Liability Insurance
With K&R Insurance Professional Liability Insurance, you can safeguard yourself against claims of negligence or unintentional mistakes in your services. Essential for professionals providing advice or expertise, this coverage ensures that your reputation and financial stability remain intact even in the face of challenges.
.jpg)
Contact Us Now!
What Is Professional Liability Insurance?
Professional liability insurance, often referred to as errors and omissions (E&O) insurance, is a type of coverage designed to protect professionals against claims of negligence, errors, or omissions that may arise from their services. This insurance is particularly important for those in service-oriented industries where advice, expertise, or professional judgment is provided.
What does Professional Liability Insurance cover?
Here’s a rephrased version of what Professional Liability Insurance covers:
​
Negligence Claims: If a client feels that your services led to financial loss due to negligence, this coverage applies, even if you didn’t make an actual error.
Legal Defense Costs: It includes legal fees and related expenses, regardless of the outcome of the lawsuit.
Prior Services: This coverage can extend to services you provided before obtaining insurance, as long as a retroactive date is specified.
Claims and Settlements: If a client files a lawsuit and is successful, the policy will cover settlements, awards, or damages, up to the specified coverage limit.
Why do business owners choose Professional Liability Insurance?
Here’s a rephrased version of why business owners opt for Professional Liability Insurance:
Risk Management: Since errors can occur, this insurance helps shield against the financial repercussions of mistakes.
Credibility: Having this coverage demonstrates to clients that you are responsible and ready to handle unexpected challenges.
Legal Protection: Legal disputes can be expensive; this insurance helps cover those costs, preventing significant out-of-pocket expenses.
Confidence: It enables you to concentrate on delivering excellent service, knowing you’re safeguarded against potential claims.
​