Professional Liability Insurance
You’ve worked hard to build your business, but it could all coming crashing down in a moment’s notice, simply due to an unperceived error by an employee. Don’t put yourself or your business at risk; call Elliot Insurance Agency today for a complimentary, risk-free professional liability insurance quote.
What is professional liability insurance? Professional liability insurance (also known as professional indemnity insurance, errors and omissions insurance, or malpractice insurance, depending on the sector where it is to be used) is intended to protect individuals employed in service-related industries from litigation for professional negligence that results in monetary loss.
Why do I need professional liability insurance? If you are employed in a service-related industry as an architect, engineer, accountant, a medical or financial professional, not-for-profit director/officer, within the technology sector, or among a wide variety of other fields, professional liability insurance is a must-have.
Professional liability insurance is intended to pay for attorney fees, court costs, and final settlements, which can easily grow into the hundreds of thousands of dollars. Which, without a professional liability policy in force, could become your responsibility to repay.
What does professional liability insurance NOT cover? Professional liability insurance specifically excludes coverage for criminal prosecution, as well as intentional acts. However, it’s important to note that all professional liability policies differ in coverage, so if you have a question about what is/is not covered under your existing professional liability insurance policy, contact the professionals at Elliot Insurance Agency today for a thorough policy review.
What discounts are available on professional liability insurance? Because professional liability insurance is a form of commercial (versus personal) coverage, there may not be as many discounts available as there are with more common forms of insurance, such as home and auto. Because of this, reducing your professional liability insurance premium is often associated with changing overall coverage, or increasing your policy’s deductible.
Whatever your needs may be, discuss your professional liability insurance policy with a representative at Elliot Insurance Agency, and we’ll be happy to get you the best rate possible.
What should I avoid when purchasing professional liability insurance? As with most forms of insurance, you’ll want to make sure you choose appropriate limits on your professional liability insurance policy, so that you’re adequately covered in the event of a loss. For example: If you are self-employed as a personal accountant, you will likely require less coverage than the owner of a large commercial accounting firm. Elliot Insurance Agency can counsel you on the most appropriate professional liability coverage for your specific situation.
How can Elliot Insurance Agency help with professional liability insurance? If you’re looking for the highest level of professional liability insurance coverage, at the lowest possible price, give Elliot Insurance Agency a call today, and find out just how easy it can be to get you the coverage you need.
How can I get a professional liability insurance quote? Call Elliot Insurance Agency today at (323) 876-1980 or visit us online at www.elliotinsurance.com for a quick and easy professional liability insurance quote. Wherever you’re located in the greater Los Angeles metropolitan area, we’re sure to find you a solution.