Skip to main content
#
A&E INSURANCE SERVICES
A and E Home Auto Business InsurancePersonalBusiness InsuranceQuotesCompanyCustomer Service CenterContact Us
Bonds
Business Owners Policy
Commercial Auto
Commercial Property
Commercial Umbrella
Contractors
Employment Practices Liability (EPLI)
Errors and Omissions
Garage Owners
General Liability
Group Benefits
Professional Liability
Rental Properties
Restaurant Insurance
Workers Compensation

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.

Ready to take the next step?
  

Facebook
Twitter
Google+
LinkedIn
Email
Add to favorites
 
 

Company

Get A Quote

Client Services

Contact Us

About Us Auto Insurance Quote Make A Payment

A&E Insurance Services
Phone:

Orange Office:

714-834-9100

Long Beach Office:

562-408-1800

Home Insurance Quote File A Claim
Mobile Website Business Insurance Quote Manage My Policy
View All Quote Types Client Report Card

© A&E Insurance Services, 2012

Terms & Conditions | Copyright | Privacy Policy | Site Map

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