Professional Liability


 Mistakes Happen

In today’s litigious society, lawsuits against businesses are common. And as a business owner, you need to be prepared to protect the integrity of your company if an incident or mistake turns into a claim.

At Insurance Town & Country, we understand that mistakes happen. That’s why we’re committed to helping you create a Professional Liability small business insurance policy that keeps your day-to-day operations protected should your business be held legally liable.

What Does Professional Liability Cover?

Professional_Liability2While it’s important for your business to have general liability small business coverage for property damage and bodily injury, Insurance Town & Country recommends adding Professional Liability Insurance to your small business portfolio because it insures the people and/or entities of your business from negligent claims made by third parties, or even internal sources.

From failure to render a service to malpractice suits, Professional Liability can provide a wide variety of options, such as:

Errors and Omissions Liability (E & O) — E & O covers mistakes made by employees who work on behalf of your business, if your business charges fees for your services, E & O may include coverage for errors such as failure to perform or violations of contract. Depending on your industry, your insurance needs will vary.

Directors and Officers Liability (D & O) — Having financial protection for your business’s Directors and Officers may prevent loss in the event that they are held liable from actions related to their corporate positions. This can include issues arising from conflicts of interest to mismanagement of company assets and violation of laws etc..

Fiduciary Liability — Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.

Employment Practices Liability — With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans, and wrongful termination.

Contact an Insurance Town & Country representative today to prevent mistakes and errors from becoming major losses for your business.

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