Liability quick quotes professional#

However, the truth is that the exposures the two policies will cover are fairly different, and there’s minimal overlap between them.

Liability quick quotes professional#

Difference Between General And Professional Liability Insuranceīusiness owners are often confused about whether they need both the general and professional liability policies.

In the medical and healthcare industry, when talking about doctors, chiropractors, dentists, and nurses, this type of insurance is often called malpractice insurance.Ī good professional liability policy will be able to cover all of the costs of your defense, as well as your judgments or settlements. This means that businesses and professionals operating in industries that require specific expertise will find that general liability insurance policies won’t offer protection against claims that stem from their professional practices – such as malpractice, negligence, or misrepresentation. To clarify, if a service you performed did not have the expected or reasonable results in the eyes of your client, you could be sued. those related to your services) do not fall under the GL umbrella.įor example, professional liability can cover you if a customer chooses to file a claim against you related to a service that you either failed to provide entirely or sufficiently. However, many liability policies only cover bodily injury, personal injury or property damage, so the most likely of claims (i.e. If you already have general liability insurance, you may think that you don’t need professional liability coverage. Professional liability insurance is typically the first policy purchased by anyone providing professional services (lawyers, accountants, consultants, etc.) as they realize these claims can be among the most expensive. They all refer to insurance that keeps you and your company protected from civil lawsuits for negligence, common mistakes, omissions, misrepresentation claims, and more. Professional liability insurance is commonly known as errors and omissions (E&O), professional indemnity, or malpractice insurance. What Is Professional Liability Insurance?