Professional Liability Insurance
Professional Liability Insurance
What Does Professional Liability Insurance Cover?
Professional Liability Insurance Can Provide A wide variety of options
Errors and Omissions Liability (E & O)
E & O covers any mistakes made by employees who work on behalf of your business, if your business charges fees for your services. It can include coverage for any errors such as failure to perform or violations of contract. Your insurance needs will vary, depending on your industry.
Directors and Officers Liability (D & O)
Having financial protection for your business’ directors and officers can prevent loss in the event that they are held liable from actions related to their corporate positions. This can include anything for conflicts of interest to mismanagement of company assets and violation of laws.
Fiduciary
Liability
Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.
Employment Practices Liability
With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans, and wrongful termination.
Advanced Risk Management & Cost Reduction Strategies
In some cases, your holdings may be large enough to a apply premium reduction strategy by utilizing a loss limit against the entire portfolio. When appropriate, our loss limit strategy can provide the same coverage with a substantial savings to your insurance cost, as much as 40% in some cases. To find out more about our loss limit strategies, contact Commercial Coverage Insurance Agency today.