Professional liability insurance is essential coverage that protects your business operations from claims resulting from expertise, advice or professional services you provide. If your company practices these activities, you may be at risk for a professional liability lawsuit from a client, customer or other party who states he or she was harmed or lost money from your negligent act, or error or omission.
Many independent professionals and businesses fall into this category, including engineers, architects, attorneys, software developers, publishers and web designers.
In the event of a professional liability lawsuit, the appropriate liability insurance coverage will help you pay for judgment and court costs and a defense attorney regardless of who was at fault.
Professional liability insurance is also known as errors and omissions insurance (E&O). This coverage protects your business if a client or customer claims harm from your advice or a service you provided for which you may be held legally liable.
Generally, a professional liability insurance policy covers:
- Negligence that a client may claim your business committed through the professional services provided.
- Defense expenses in lawsuits even if your company is not at fault.
- Previously performed services you provided to a client within a specific period.
Insure your current, future, and past business endeavors with O’Kane & Tegay!
O’Kane and Tegay specializes in assisting a wide variety of enterprises engaged in providing advice and services including the following professional and personal services:
- Accounting professionals
- Tax preparers
- Land surveyors, landscape architects
- Construction managers, construction and design consultants
- Attorneys and legal professionals
- Real estate brokers and agents
- Property appraisers
- Barbers and beauticians
- Project managers
- Web and graphic designers
Finding the best liability insurance is easy with O’Kane and Tegay. We offer an in-depth range of professional liability insurance and E&O policies that we customize to meet the unique needs of each business. Our experienced claim specialists have the comprehensive knowledge of the professional service industries, and they will help you protect your business against professional liability. With the experience and strength that O’Kane and Tegay provide, you can be confident that your business is protected.
Professionals work in an increasingly litigious society, and the number of professional liability lawsuits has soared in recent decades. O’Kane and Tegay provides you with the most appropriate professional liability coverage, which can help you avoid financial ruin. Professional liability insurance is not just for the health care industry. A lawsuit alleging professional liability can lead to great financial loss, including cars, homes and other personal assets. In addition, one unhappy client with a perceived grievance and lawsuit against you can end your professional career.
Learn more about professional liability coverage options by contacting O’Kane and Tegay today.
Call now to speak with one of the friendly agents in our San Francisco office, at 415-242-8777.
We’ll review your current coverage for free, discuss your current risks and search for the best insurance products to fit your business.