Errors & omissions insurance, also known as Professional Liability Insurance, is a policy provided by Pizzola Insurance that works to protect your business from certain negligence claims regardless if an infraction was committed or not.
Do you need Professional Liability Insurance?
If you are a small business that sells professional services for your clients such as consulting advise, you should consider profesional liability coverage. If a dispute or lawsuit happens due to negligence or not meeting the expectations outlined by the client, a policy with Pizzola Insurance Agency will provide protection from the financial burden that can occur as a result.
A Professional liability insurance policy by Pizzola Insurance Agency offers different types of coverage for small businesses:
• Alleged or actual negligence – Protects a business against actual or alleged errors and omissions when providing professional services, such as giving incorrect advice, an omission, or failing to deliver a service.
• Defense costs – Provides legal defense when a covered claim is reported.
• Personal injury (e.g., libel or slander) – Can provide protection for small businesses against both libel and slander if it’s committed as part of your professional services.
• Copyright infringement – Can provide coverage for damages or claims expenses for copyright infringement.