What is Professional Liability Insurance?
Professional Liability, otherwise known as E&O insurance, protects your business against claims of negligence, misrepresentation or mistake. Typically, the allegation is that your services, products or employees caused some form of financial damage to a third party. Regardless of fault, litigation is expensive, drains time and damages reputation. Professional Liability insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services.
Coverage is provided for:
- Attorney fees and other legal expenses
- Costs and expenses related to a settlement
- Costs and expenses related to a judgment
What is Professional Liability insurance?
Speak with our licensed agents today
You can relax knowing you’ve secured the right insurance and the right price with Bizinsure. We allow you to compare multiple quotes so you can compare cost and coverage.
Who needs Professional Liability Insurance?
Professionals, and businesses that provide professional services such as giving advice, making educated recommendations, designing solutions or representing the needs of others are all have Professional Liability exposure. Professional Liability Insurance can safeguard your professional reputation, profitability, and business assets from the potentially astronomical expenses of litigation (whether justified or not). Click here for sample scenarios of Professional Liability Insurance in action.
How much does Professional Liability Insurance cost?
Premiums through BizInsure can be as low as $47/month, depending on your potential exposures and the amount of coverage you intend to purchase. Some of the factors that impact the cost, or premium, for a Professional Liability policy include:
- revenue size
- length of time in business
- claims history
- geographic location
- risk management procedures
- the amount of coverage desired
- the size of your deductible
- Click here to get quotes for your specific needs.
By the time I was done with setting up the policy, I was actually smiling and in a good mood. This is not something that happens much anymore in todays online business dealings.
Mark Mathis (President)
Mathis Enterprises, Inc.
BizInsure exceeded our expectations in meeting the complex insurance needs of our company. The quotation and issuance process was shockingly painless, their rates were consistently less than traditional brokers, and they picked up the phone when I need to speak to a person.
Steve H. (Software Developer)
Corrales, New Mexico
BizInsure is excellent for small businesses, start-ups or consulting professionals who need insurance. The system was quick and easy to use and the customer service representative helped me ensure that the policy met my contractual requirements.
Mountain View, CA
I wanted to let you know how much we appreciate BizInsure. Many people (myself included) have long felt that for intimate business relationships like Business Insurance, you need a local, face to face relationship. Your team has redefined this for me. Your prompt responses and accessible staff make me very confident in our long term business relationship.
Jason (Marketing Consultant)