Professional Liability

Professional Liability Insurance (PLI), more commonly known as Errors
and Omissions in the US is a form of liability insurance that helps protect
professional advice and services 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 an 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 dose 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 subjct to other forms of
insurance. Professional liability insurance is required by law in some areas
for certain kinds of professional practices (especially medical and legal),
and is also sometimes required under contract by other businesses that
are the beneficiaries of the advice or service.

Contact Us today, we look forward to the
opportunity to serve your insurance needs!
RJM Specialty Insurance Services, LLC. ~ Phone: 888-913-0110 ~ License # OH09363

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