Professional Liability Insurance
Professional liability insurance covers the damage caused to Customer (Beneficiary) as a result of mistakes and/or negligence made by the insurer or its representatives in the performance of their professional activities.
Businesses that often choose professional liability insurance include:
Consulting firms; Accounting companies; Audit firms; Law firms;
Medical organizations; Architectural companies, Real estate agencies,
Brokerage companies, Financial advisers, etc.
Insurance Coverage
The coverage protects a business against actual or alleged errors and omissions when providing a professional service, such as giving incorrect advice, an omission, or failing to deliver a service which resulted in losses.
It covers the following costs:
- Attorney fees;
- Settlements (money paid to the plaintiff to drop the lawsuit);
- Judgments (money a judge or jury orders you to pay the aggrieved party);
- Expert witness fees;
- Court administrative costs.
Coverage for damages or claims expenses for copyright infringement.
Our Benefits
We make personalized insurance product design for your organization that stands out from any of our insurance company products by its quality.
We find terms of insurance on our product from the relevant insurance companies, analyze their quotes and choose the best / optimal one.
We handle the full process of insurance that includes reviewing a contract with a selected insurance company, assisting with the preparation of necessary documents, managing and controlling issues arising in the insurance process.
Monitoring includes the assistance of the insurer / insured in timely and equitable acceptance and reimbursement of insurance services, also periodic surveys of insureds about insurance service satisfaction and service management with the insurance company.
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