Professional Liability Insurance. You may need to provide proof of professional liability insurance to a client, partner, or licensing board for some projects. Professional liability insurance (also called errors & omissions insurance) provides businesses with coverage should a client be harmed as a result of professional service or advice.
Professional liability insurance for engineers covers financial protection from lawsuits over disputes such as cost overrun, delivery delays, and problems with construction materials. Remember, if you work in the design phase of engineering, there are design professional liability insurance policies developed specifically for your field. Specialty Professional Liability Insurance (E&O) Helps protect professional service providers against claims alleging negligence in professional services rendered to others.
Professional Liability Insurance provides protection against covered claims arising from real or alleged errors or omissions, including negligence, in the course of your professional duties.
Professional Liability Insurance (also knows as Errors & Omissions Coverage) covers a wide range of professionals who make their living from their unique professional expertise.
Customize Your Professional Liability Plan With Aon & The AICPA. For Healthcare workers, this is commonly referred to as, "Medical Malpractice Insurance" or simply, " Med Mal." Other professional liability including attorneys, architects, engineers, accountants, and insurance agents and brokers all need some form of professional liability coverage. Professional Liability Insurance provides actionable recommendations and useful insight into errors and omissions (E&O), medical and non-medical professional, and management liability exposures and insurance.
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