Get A Free Professional Liability Insurance Quote!
What Is Professional Liability Insurance?
Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, is the most critical coverage for your business. Professional Liability Insurance from Quote Liability protects you and your business from potentially damaging litigation caused by charges of either professional negligence or failure to perform professional duties. This might also include claims of errors and omissions that resulted in loss of client data, claims of non-performance, software (or system) failure, or negligent overselling.
If you, your business, or an employee, is a subcontractor working on a client’s site, your client may require that you provide proof of General Liability and Professional Liability insurance.
Quote Liability is Here for Your Professional Liability Needs!
Your business provides a highly specialized service that many of your clients will not fully understand. However, the projects you, or your employees, work on for clients are highly sensitive and critical to their business. During the course of business, if your company has errors and omissions that result in the loss of a client data, software, a system-wide failure, or if your company fails to perform its job duties, your client may potentially left unable to operate business. This risk opens your business up to litigation. This is when your company needs Professional Liability Insurance from Quote Liability.
Our General Liability Insurance covers claims of bodily injury and property damage only, and typically excludes coverage for claims related to the delivery of professional services. The liability risk associated with your company’s professional errors, omissions and negligence can be far greater than the bodily injury and property damage risks covered by your General Liability policy. Adding Professional Liability Insurance from Quote Liabily to your Quote Liability Business Insurance policy is the best way to protect your company against these additional types of claims.
Because laws and legal precedents governing the relatively new technology industry are still being developed, computer professionals are often in legally uncharted territory. That makes Professional Liability Insurance even more critical to your company’s long-term survival, as you may find yourself being sued tomorrow for actions that are completely in line with today’s consulting expectations. Because professional requirements and duties are largely undefined in legal terms, Professional Liability insurance protects you against the unknown and the unforeseeable.