Professional Liability Insurance
We know you do the best that you can for your clients. You try to give them the best advice/consultations that you can. But no one is perfect. That’s where we come in.
To be clear, Professional Liability Insurance is also commonly referred to as Errors and Omissions Insurance. No matter what you call it, we’re the experts.
It’s good that you’re considering a Massachusetts Professional Liability Insurance policy. It shows you’re a thoughtful professional who won’t let an unforeseen accident or mistake cut your life and business in half. As such, there are some details you should know.
An act can be considered negligent even if it’s not intentional. An error in meeting professional standards or an accidental omission of an important piece of information is common and without malice, but can be considered negligent just the same.
Further, the saying “the customer is always right” was likely invented by a customer. A customer’s misconceptions can lead to baseless lawsuits that require your defense. That’s where a Massachusetts Professional Liability Insurance policy is needed.
In Massachusetts, this category of insurance is specific to the professions it was created to protect. If you’re in one of the following fields, you need Professional Liability Insurance:
- Officers of Corporations
- Certified Public Accountants
Those are some of the obvious professions but there are more. Think about it this way: anyone who provides a professional service to others is at exposure to risk. That includes yoga instructors, hair stylists, business or career counselors, personal trainers, Realtors, wedding planners, and more.
No matter the profession, the proper Massachusetts Professional Liability Insurance policy typically includes the following coverage:
- Negligence – Including alleged mistakes in services or advice provided by your company via its professional services.
- Legal Costs – Providing for defense regardless of fault.
- Cover for past work – typically up to a specified period of time. This insures future, current, and past work completed.
We can help you figure out it you need a Professional Liability Insurance policy and, if you do, we’ll find the right policy for you and your business. Contact us, today