Professional liability insurance can be essential for businesses and individuals providing professional services. At Great American Insurance Group, we understand the importance of protecting a business’s reputation and financial well-being against claims of negligence, errors or omissions. Our tailored professional liability insurance coverage is designed to protect professionals in various fields, including medical, legal, accounting, design professionals, real estate, collections, consultants, TPA’s, franchisors and more.
What Is Professional Liability Insurance Coverage and Why Is It Important?
Even the most skilled professionals can make mistakes or face false allegations, and the consequences can be severe without proper professional liability coverage. Professional liability insurance, also known as errors and omissions (E&O) insurance, helps protect professionals and businesses from claims of negligence or mistakes made while providing professional services. Having the proper protection can help ensure:
- Financial Protection: It can help cover legal defense costs and any settlements or judgments, which could be financially devastating without insurance.
- Reputation Management: It can help maintain a business’s professional reputation when claims are addressed in a timely manner.
- Client Trust: It can help demonstrate to clients that the business is committed to high standards and is prepared to take responsibility for its work.
- Compliance: In some industries, having this insurance is a regulatory requirement.
Securing professional liability insurance can help professionals operate confidently, knowing they are protected against the unexpected.
Who Needs Professional Liability Insurance Coverage?
Professional liability insurance can be crucial for anyone offering professional services, advice or handling client data.
We offer tailored, industry-specific solutions to fit your business' unique needs:
- Accountants: Accountants handle sensitive financial information and provide critical advice. Learn how professional liability insurance can help protect them from claims related to errors or omissions in their work.
- Design Professionals (Architects, Engineers, and Design Consultants): Design professionals create plans and specifications for a wide range of projects, including buildings and structures. Learn how insurance can help cover them against claims of errors or negligence in their designs.
- Real Estate Agents and Brokers: Real estate professionals provide advice and services for property transactions. Learn how professional liability insurance can help protect them from claims of misrepresentation or errors in their services.
- Lawyers: Lawyers offer legal advice and representation. Learn how insurance can help cover them against claims of professional negligence or errors in their legal services.
- Miscellaneous Professional Liability (MPL): Consultants, collection agents, TPA’s, franchisors, tech firms, and many other unique professional service providers engage in highly specialized services for their clients. Learn how professional liability insurance helps protect them from claims related to errors or negligence in their services.
- Telehealth and Medical Professionals: Medical professionals provide medical advice and treatment. Learn how professional liability insurance helps protect them from claims related to medical errors or negligence.
Why Choose Great American's Professional Liability Coverage?
Our financial strength and industry experience is what makes us different. Let us create customized coverage solutions for your specific professional liability exposures.
Our products provide highly customized coverage to meet the needs of our customers. In addition, we offer:
- Superior product expertise: Our deep knowledge and understanding of the industry allow us to offer coverage solutions.
- Streamlined claims process: We prioritize efficiency and ease, so that you can have hassle-free claims experience.
- Experienced team of marketing professionals: Our dedicated team brings a wealth of experience and insight, helping you navigate coverage options with confidence.