Professional liability insurance, also known as errors and omissions (E&O insurance), is a special type of coverage that protects your company and it professionals against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions). E&O insurance can cover the cost of defending your company in a lawsuit, regardless of whether a claim against you is determined to be frivolous or not. Some employers or clients might also require you to carry a certain amount of general liability coverage before you can work for them.
Professional liability insurance is required by law in some areas for certain kinds of professional practices, especially medical and legal, where it is more commonly called malpractice insurance. It doesn’t matter if you’re a small business owner or a contractor, it’s important to consider some sort of business liability insurance. Your business won’t be safe without it.
At Benrubi Law, our vast knowledge of insurance laws and regulations ensures that our attorneys are able to counsel clients in a complete range of general liability coverage matters. We are dedicated to protecting policyholders and our Professional Liability insurance litigation lawyers will negotiate on your behalf and litigate your claim so that you receive all the financial benefits you deserve.