Topic

Professional liability insurance

Professional liability insurance

Client contracts often require professional liability insurance. Businesses in certain industries are also required to have this coverage.

Professional liability insurance

A variety of factors can impact the cost of professional liability insurance, including your level of experience and the services you offer.

Professional liability insurance

To apply for professional liability insurance, you’ll need to provide basic information about your business, operations, and revenue.

Certificate of insurance

A certificate of professional liability insurance is a document that provides proof of coverage and summarizes the most important information about your professional liability insurance policy.

Professional liability insurance

When a dissatisfied client sues over a mistake made by your business, professional liability insurance can cover the cost of legal defense, including the cost of hiring a lawyer.

Professional liability insurance
Professional liability insurance covers the costs of legal disputes over professional mistakes. Learn more about coverage, costs, and other considerations
Professional liability insurance

While disputes with clients over negligent, unfinished, or inadequate work make up the bulk of cases, professional liability lawsuits can also encompass similar disputes with business partners.

Professional liability insurance
Professional liability insurance, also called malpractice insurance, protects from lawsuits over work mistakes. Compare quotes for therapy and counseling businesses online with Insureon.
Business insurance glossary

A retroactive date defines how far back in time a loss can occur for your policy to cover your claim. If a claim happens prior to your retroactive date, your policy won’t provide benefits. It’s a feature of claims-made professional liability or errors and omissions insurance.

Business insurance glossary

Standard of care refers to a professional's duty to act reasonably and provide quality services. If you fall short of the standard of care, a client usually has the right to sue.

Business insurance glossary

Tail coverage is an addition to a claims-made policy. It extends coverage for incidents that happened during the time you had your policy, but a claim was not filed until after your policy expired or was canceled. Tail coverage is another name for an extended reporting period.

Business insurance glossary

Professional liability insurance is defined as a form of insurance that can help pay for legal expenses when clients claim something you did – or didn’t do – hurt them financially.

Business insurance glossary

Errors and omissions (E&O) insurance is a form of insurance that covers business mistakes or undelivered services that caused financial harm to a customer.

Business insurance glossary

A claims-made policy provides benefits only if you file a claim while it’s active. If you cancel your policy and then report a claim, you’ll have no insurance coverage.

Professional liability insurance

Independent consultants and owners of consulting businesses can compare quotes for professional liability insurance, also called errors and omissions (E&O) insurance, with Insureon’s free online...

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