Skip to main content
#
Call Us Today!
prev
next

Ready to get started on your insurance quotes?
Our agency can save you valuable time, money and endless aggravation on your personal and business insurance!
It's easy - call or click to get started! Ready to get started on your insurance quotes?

 

Professional Liability

Professional liability insurance (PLI), also called professional indemnity insurance (PII), is a form of liability insurance that helps protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. 
 
The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
 
Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by consultants, brokers and lawyers. Other professions that commonly purchase professional liability insurance include: accounting and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other nonprofits/NGOs are also professional-liability insured.

Contact us today to find out how we can help you with your professional liability insurance needs.

Quick Quote Request 
Send To Agent
    Company
    Contact Us

    Two Rivers Insurance Group, LLC
    340 State Route 35
    Red Bank, NJ 07701

    Phone: (732) 747-6663
    Email Us

     

    Terms & Conditions | Copyright | Privacy Policy
    © Two Rivers Insurance Group, LLC.

     

     

     

    Insurance Websites
    Insurance Web Designs - insurance websites | webmail login | admin login