PROFESSIONAL LIABILITY INSURANCE:
Professional liability insurance, also referred to as errors and omissions and
malpractice coverage, is designed to protect the professional from actions stemming
from their professional capacity and training. Many professionals are required
by law to prove financial responsibility by having some level of professional
liability coverage.
Businesses and individuals rendering professional services are becoming increasingly
subject to third-party claims alleging bodily injury or property damage arising
from the rendering of or failure to render professional service. Even though
these charges are frequently overblown or just plain false, there is significant
expense in the cost of defending such claims.
Depending on the insurance company, defense costs can either be included within
your chosen limit of liability or in addition to that limit on an unlimited
basis. Most companies also provide you with access to their experienced attorneys
that can help to mitigate or even eliminate a claim before it gets out of control.
Immediate notification to the insurance company of a potential claim is vital.
Our philosophy at the R. H. Clarkson Insurance Agency is to design insurance
programs that minimize cost and maximize coverage so that more businesses and
professionals can justify the cost of having the protection that they want and
need.
Some classes of business/individuals that need this type of coverage are:
- Accountants
- Architects
- Engineers
- Hospitals
- Medical Professionals
- Lawyers
- Environmental Consultants
- Beauticians & Barbers
- Educators
- Landscape Architects
- Financial Planners
- Appraisers
- Counselors
- Home Inspectors
- Veterinarians