It provides the peace of mind service providers need to keep doing what they do best.
Professional liability covers the insured's cost of legal defense and damages for claims and lawsuits brought against them due to economic and financial losses caused by mistakes, including the following:
• Breach of Contract
• Errors and Omissions
• Negligence
• Misrepresentation
• Inaccurate advice
Mistakes happen and anyone can make a mistake including professionals with expertise in their chosen fields. Since general liability policies do not cover financial losses caused by certain mistakes, failure to perform, or negligence, professional liability insurance fills the gap. It provides the peace of mind service providers need to keep doing what they do best, their jobs. Each policy is tailored to the specific profession so that a malpractice liability (E&O) for a healthcare professional will be different from a misc. professional liability (E&O) for an accountant.
Who needs professional liability?
Companies including nonprofit organizations and individuals who provide professional services can all benefit from professional liability insurance. Typical examples are but not limited to:
• Accountants
• Advertising Agencies
• Architects
• Agents
• Consultants
• Engineers
• Financial Advisors
• Healthcare Facilities & Professionals
• Interior Designers
• Inspection & Appraisal Companies
• Legal Advisors
• Market Research Agencies
• Spas, Saunas & Health Clubs
• Technology Professionals
Are you a professional seeking professional liability insurance in order to operate your business? We can help you find these insurance solutions to meet your business needs.
Misc. Professional Liability Insurance
Malpractice Liability Insurance
General Liability Insurance
D&O /EPLI/Crime Insurance
Business Owners Policy
Cyber Insurance
Workers' Compensation Insurance
Every policy language is different. Reach out to us to assist. We collaborate with industry professionals to find solutions for you.
We simply ask that you provide this information for underwriting: 1. Complete applications.
2. Loss runs.
At Axios Risk Solutions, LLC., we help small and medium-sized enterprises, families and individuals minimize and manage their business risks through tailored risk management strategies and protect their business and assets through a variety of insurance solutions in the market. To request a quote or speak to a broker, contact us.
Author: Sandra Owusu-Fianko
Sandra Owusu-Fianko, is the Principal and Risk Advisor at Axios Risk Solutions, LLC. She has extensive experience in the insurance industry and a MS degree in Enterprise Risk Management. She is passionate about finding appropriate risk management and insurance solutions for her clients.
