What Is Professional Liability Insurance?
Professional Liability Insurance—also known as Errors and Omissions (E&O) Insurance—protects professionals against claims of negligence, misrepresentation, or mistakes made while providing services. This coverage is essential for safeguarding your business from legal costs and financial liabilities resulting from client lawsuits.
Who Needs Professional Liability Insurance?
Professional Liability Insurance is crucial for service-based businesses and professionals, especially those who offer expert advice or services. This includes:
- Attorneys
- CPA Firms
- Consultants
- Architects and Engineers
- Real Estate Professionals
At Platinum Insurance, we specialize in providing tailored professional liability solutions for law practices and CPA firms. We even have a licensed attorney on staff who oversees and structures all of our professional liability policies for legal professionals—ensuring your coverage is written with firsthand legal insight and precision.
Why Choose Platinum Insurance?
- On-Staff Attorney – Your policy is written and reviewed by an experienced legal professional.
- CPA Firm Expertise – We understand the unique exposures and requirements for accounting practices.
- Customized Coverage – Tailored to meet the specific needs of your profession.
- Claims Support – We’re here to help navigate the claims process efficiently and professionally.
Get Protected with Confidence
Don’t leave your practice exposed to risk. Whether you’re a solo practitioner or managing a full-scale firm, Platinum Insurance offers expert-crafted protection that keeps your business secure. Request a quote today and let us protect your reputation and bottom line.
What does Professional Liability Insurance cover?
It covers claims related to errors, omissions, misrepresentation, and professional negligence that result in client financial loss.
Is Professional Liability Insurance required by law?
Not always, but it’s often contractually required and essential for risk management in professional services.
How much does Professional Liability Insurance cost?
Costs vary based on your profession, risk exposure, claims history, and coverage limits. Quotes are available quickly through Platinum Insurance.
Can I get coverage even if I’ve had claims in the past?
Yes, though premiums and policy terms may vary depending on claim history.
What’s the difference between E&O and Professional Liability Insurance?
They are often used interchangeably. Both cover professional mistakes, but terminology may vary by industry.
Why should attorneys work with Platinum Insurance?
We have an attorney on staff who personally crafts and reviews all policies for legal practices, offering unmatched expertise and accuracy.
Do you offer coverage for CPA firms?
Yes. We specialize in professional liability for CPA firms and understand the specific risks associated with financial services.