What is Professional Liability Insurance, and who needs it?
Anybody who offers professional services runs the risk of being sued for negligence or injury. Professional Liability insurance, also known as Errors and Omissions insurance (E&O), protects you and your business against client charges such as the above, (negligence or injury for the professional services you provide). Whether you are at fault or not, you are protected against losses, attorney fees and even court costs.
Just some of the risks that that licensed professionals face on a day to day basis.
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Accusations of negligence
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Injury to a patient through services provided
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Medication Errors
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Improper Inspections
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Failure to Provide Services as required
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Staff that do not follow job descriptions or policy and procedures
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Slip and Fall (this is commonly covered under General Liability, for most Allied Healthcare your liability package will come combined).
No matter the size of your company, you face the same actions against you for any of the above.
Whats Covered?
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Alleged or actual negligence
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Personal injury
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Punitive damages (where allowed by law)
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Claims against services previously performed
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Claims against temporary staff and independent contractors
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Your work done anywhere around the world
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Related defense costs
Whats Not Covered?
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Fraudulent acts
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Employment practices (sold as separate policy)
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False advertising
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Non Owned and Hired Auto (available as an endorsement in most cases)
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Failure to protect sensitive information (available as an endorsement in most cases)
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Employee Injuries (covered by Workers' Compensation)
We’re here to help you find and purchase the best Professional Liability insurance policy for your business!
Need more information, no problem, just give us a call (949) 359-1380 - (713) 392-6682, a licensed professional will be more than happy to answer all your questions.
Paul Byrne
Dawn Lanclos
Check out others coverages available to you and your business:
Workers' Comp
D&O Insurance
Property Insurance
Cyber Liability
Have a dedicated Peloton Insurance Broker review your current plan and work with you to devise the right coverage to meet your growing needs and mitigate risks to your business.
Just give us a call (949) 359-1380, a licensed professional will be more than happy to answer all your questions.