Professional Liability / Errors & Omissions
As a Professional, the courts have found that you have a higher standard of care when people rely on you for the work that you do. Whether they rely your advice, opinions, recommendations, reports, reports, drawings, etc. You can purchase Professional liability insurance as an individual for a company. In some cases, you can also insure contractors that work for you.
If a client feels that you may have breached your professional duties to them, by making an error in your work, they might demand financial compensation for having failed in your responsibilities to them.
This type of coverage is also known and Errors & Omissions Insurance, in Medical related fields it can be referred to as Malpractice Liability Insurance, for media organizations, it is called Media Liability, whereas other industries refer to it as Errors & Omissions (E&O).
At Collis Insurance Services Group, approximately 50% of our clients’ operations are professional services in nature. Here is a sampling of the clients that we help:
Here is just a sample of the types of occupations that need Professional Liability.
- Alternate Dispute Resolution Services
- Business Coaches
- Claims Adjusters
- Computer Consultants
- Court Reporters
- Expert Witnesses
- Forensic Accountants
- Graphic Designers
- Home Inspectors
- Human Resource Consultants
- Information Technology Companies
- Insurance Brokers
- Management Consultants
- Meeting Planners
- Personal Counsellors / Social Workers
- Placement Agencies
- Property Appraisers
- Property Managers
- Relocation Consultants
- Tax Preparers
- Travel Agents
- Website Developers
Effectively, if someone is relying on you for your advice, “Collis” to discuss your professional liability insurance needs!