Professional Liability Insurance
Liability Insurance for Connecticut Professionals
The truth is that you cannot please everyone. At some point, you will have an unhappy client. This client may be angry at you for failing to follow through on promises or making mistakes during the performance of your services. If that failure or mistake then leads to that client’s financial loss, you could find yourself facing a lawsuit. That is where professional liability insurance steps in.
The Basics of Professional Liability Insurance
Professional liability insurance (PLI), or errors and omissions (E&O) coverage, provides you with the funds necessary to defend yourself in a lawsuit alleging professional misconduct in the form of errors, omissions and oversight. This includes covering costs related to attorney fees, filing fees and other court costs, settlements and damages. PLI can also protect you in the event of frivolous lawsuits that may lead nowhere, as these lawsuits still require a response, court motions and more.
At Marcus Insurance in Wethersfield, Connecticut, we have seen firsthand how beneficial a PLI policy can be for a small business owner. Let us bring our decades of experience to the table, helping you identify the type and amount of liability coverage that best fits your business.
The Many Forms of E&O Insurance
Professional liability insurance (PLI) comes in many forms:
Accountants professional liability
Architects and engineers (A&E) liability insurance
Employment practices liability insurance (EPLI)
Directors and officers (D&O) insurance
Legal malpractice insurance
Management liability insurance
Medical malpractice insurance
All of these policies protect against errors relating to the specific duties required by the named professionals. Some, including EPLI and D&O, offer coverage in the event of claims involving harassment and discrimination. To learn more, give one of our independent insurance agents a call.
Request a Free Professional Liability Quote Today
Do not get caught unprotected. The cost of not having professional liability insurance far outweighs any cost you may incur by carrying such a policy. Moreover, the costs of carrying a policy are actually quite affordable. So if you run a business where your services are the basis of your company, reach out to our independent insurance agency.
Request your free quote online. From there, we will search across numerous companies so we can compare quotes to find you the best coverage at the right price.