Professional Liability Insurance

Your reputation matters. In today’s litigious business environment, it is essential for organizations to protect themselves from allegations of negligable acts, errors, and omissions, making professional liability insurance an absolute necessity.

Even if a lawsuit is without merit, defense and impact on reputation can be a costly experience for a small business. Professional liability insurance, also known as errors and omissions (E&O insurance), is a type of coverage that protects your business against claims if a customer or client is harmed from professional advice or professional service. It is often paired with general liability insurance for the most complete coverage.

You should consider professional liability insurance if your business provides:

  • A professional service
  • Regular professional advice to clients
  • Contractual service to your clients

What does a professional liability insurance policy cover?

  • Mistakes/Negligence
  • Services provided (or not provided) by your business that result in client damages.
  • Copyright Infringement
  • Copyright law issues, mistakes, oversights, & alleged misunderstandings.
  • Personal Injury
  • Claims for libel or slander damages, whether they are true or not
  • Previously Performed Services
  • Service completed (within an agreed time-frame) which is protection for both current work and previous work
  • Defense Costs
  • Legal defense costs associated with lawsuits against your company, regardless of any fault
  • Temporary Staff and Independent Contractors
  • Your employees, including temporary staff and/or independent contractors

What type of business can be covered by professional liability (or E&O) insurance?

Whether you own small business, a growing one, large company, or starting a new company, MPL Risk can help you save on your professional liability insurance. Businesses we have covered include;

  • Beauticians/Salon Services
  • Career/Business Trainers & Coaches
  • Family/Mental Health Counselors
  • Management/Business Consultants
  • Occupational Therapists
  • Personal Trainers
  • Photographers
  • Real Estate/Property Managers
  • IT Consultants
  • And more…

Get a quote with MPL Risk Insurance today or call our team on (267) 888-4790.

We work with

  • Clinics

  • Home Healthcare

  • Imaging Centers

  • Telemedicine companies

  • Social Service facilities

  • Ambulance companies

  • Labs

  • Rehab Centers

  • Blood Banks

  • Many more facilities

Our carriers can provide

  • Claims-Made or Occurrence coverage

  • 1st dollar coverage up to $1M+ retentions

  • Primary Limits of $1M/$3M and Excess Limits available

  • Defense costs outside the limits of liability

  • Enhancements to include cyber/security liability, products liability, sexual abuse liability

  • Coverage in all 50 states

Read the MPL Risk Blog

Latest news and tips from our expert team

MPL Risk was able to consolidate our insurance policies with one carrier. They explained what we were missing and eliminated unnecessary coverages.

Steven
Owner, VA Home Health