Professional Liability Insurance
Business insurance can be confusing, but it is necessary and our team is experienced at helping business owners. Professional liability fills coverage gaps for professionals not covered by general liability. This type of insurance is often required by law or contract. Most businesses require it before working with you. It offers protection that covers financial losses suffered by clients or other people because of your work or lack thereof.
If you are in business to serve the needs of others by representing them, designing solutions, or offering advice, you would benefit from having professional liability. Examples of such professionals include real estate agents, property managers, attorneys, accountants, consultants, engineers, and others.
Liabilities that are covered by PLI include:
- Undelivered services
- Missed deadlines
- Mix-ups, mistakes, and oversights in services provided
- Carelessness or inability to meet standards
- Break of agreement