Commercial
Professional Liability
Insurance
Better protecting your business from factors beyond your control.
Commercial
Professional advisory can be risky.
Even when you mean the best, the people and businesses you advise could accuse your company of misrepresentation, breach of contract or wrongful business practices.
Professional liability insurance protects businesses against charges of negligence or harm, based on a professional service or advice you provided. It is also known as errors and omissions (E & O) insurance. Professional liability insurance covers defense costs, judgment, settlements and fines or penalties resulting from the allegations of misrepresentation, breach of professional services, wrongful business practices, misleading advice, and conflict of interest.
Did you know?
A general liability policy does not cover your professional exposures, it only covers personal and bodily injury and property damage. You may need professional liability insurance to be better protected.
Who needs professional liability insurance?
- Have to sign a contract that requires this coverage
- Offer professional services directly to customers
- Regularly provide professional advice to your customers
What does professional liability insurance cover?
- Negligence
- Misrepresentation
- Inaccurate advice
Even if you did not do anything wrong, your client may believe you made a mistake and can sue. Professional liability insurance will pay to defend you.
We Can Help
Protect
what's important.
Get started today with a Diebold Risk Advisor and experience the difference.Â