What professional liability may help address
Protection considerations for businesses whose advice, services, or professional work could lead to financial-loss allegations. Exact benefits, limits, exclusions, deductibles, and availability depend on the policy and carrier.
- Certain errors or omissions allegations
- Claims related to professional services
- Defense costs for covered matters
- Negligence allegations subject to policy terms
- Industry-specific professional exposures
Who should consider a review?
Consultants, technology firms, designers, accountants, healthcare-adjacent providers, and other professional service organizations.
Questions worth discussing
A productive review may include current limits, deductibles, known exposures, contractual requirements, recent changes, and how different policies interact. Never cancel or change existing coverage until replacement coverage is confirmed in writing.
Frequently asked questions
Who may need professional liability?
Businesses providing expertise, advice, designs, technology, or professional services may benefit from reviewing this coverage.
What is a claims-made policy?
Many professional liability policies require both the event and claim timing to satisfy policy requirements.
Does it replace general liability?
Usually not. The policies address different risk categories and often work together.