Call Us Today For A Free Quote | (318) 251-1212
Bromell Agency, Inc. Providing great insurance quotes and expert advice from professionals in the industry

Who Needs Professional Liability Insurance?

Any person in a profession in which they provide advice or service may benefit from professional liability insurance. In many cases, carrying professional liability insurance is a requirement in order to practice.

The following service professionals are exposed to a high degree of risk due to the nature of the specific industry, and would benefit from professional liability insurance protection:

  • Lawyers, financial advisors and accountants need specific professional liability protection in the form of Errors & Omissions (E + O) coverage.
  • Healthcare workers including dentists, physicians, therapists and nurses need medical malpractice insurance.
  • Teachers and principals should consider carrying individual professional liability insurance since in many cases the school’s policy may not cover individual teachers. Teachers and principals are increasingly the target of lawsuits.
  • Electricians, plumbers, engineers and other service contractors should obtain individual professional liability protection in addition to surety bonding.
  • Couriers, drivers and other transportation professionals that aren’t covered by an employer’s policy should carry their own professional liability coverage.

Carefully research and consider your risk exposure. Even if you’re not in one of the categories listed above, if you perform a service for a fee you could be sued by a dissatisfied client.

What Does Professional Liability Insurance Cover?

The types of claims most often made against professional service providers include negligence; misrepresentation; violation of good faith and fair dealing; and bad advice.

Professional liability insurance covers the costs associated with judgements, settlements and defense of the insured against any of those claims.

Even if the claim is ultimately found to be baseless and no settlement is awarded, it will likely take tens of thousands of dollars to mount the necessary legal defense.

Service providers perform to meet high expectations on a daily basis, taking this simple step to insure against any business liability risks, just makes sense. Contact us to discuss your insurance options.

Posted 4:00 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

View Mobile Version
Instant Quote
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog

Facebook Twitter LinkedIn Google
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive new and updates

711 North Vienna Street
Ruston, LA 71720
Office: 318-251-1212
Fax: 318-251-3089

880 Bert Kouns Industrial Loop, St B
Shreveport, LA 71118
Office: 318-687-1222

Powered by Insurance Website Builder
Trusted Choice Trusted Choice