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:

• Architects & Engineers
• Title Agents / Abstracters
  
• D&O (Directors & Officers)
  
• Non-Profit Associations EDP
  
• Insurance Company E&O
  
• Mortgage Brokers
  
• Testing Laboratories
  
• Pilots

• Medical Malpractice
• Lawyers
• Accountants
• Real-estate
• Consultants
• Third Party Administrators
• Management Consultants
• Managed Care E&O