Professional Liability Insurance
The need for professional liability coverage no longer only applies to traditional professionals, but any organization or individual that provides a service. Also called Errors & Omissions (E & O Insurance) this coverage will protect your business if your officers or any fiduciaries are sued for negligence, even if they haven’t done anything wrong.
Lawsuits may result from misunderstandings with clients or customers and different interpretations of contracts or oral agreements. They also may occur due to errors made in performing the service and unexpected difficulties in delivering the promised results. Both the company and individuals may be held liable for any of these claims.
The New York City Business Group can help indemnify your professionals and the services they provide with complete Professional Liability and Directors & Officers liability insurance.
There are hundreds categories of businesses eligible for professional liability coverage, including:
- Physicians Malpractice
- Any Consultant charging a fee
- Advertising agencies
- Travel agents
- General Construction companies
- Plumbing Contractors
- Electrical Contractors
- Auto body & Auto Service
- Landscape & Design
- Employee Staffing firms
- Real estate brokers & professionals
- Computer service companies