Professionals and Professional Firms

Physicians, attorneys, architects, engineering, consulting and financial firms all have specialized needs in protecting their principals and professional staff in the event of claims that arise in the performance of their duties.

The need for professional liability coverage no longer only applies to traditional professionals, but any organization or individual that provides a service. This includes such diverse occupations as contractors, real estate professionals, advertising agencies, computer consultants, publishers, staffing firms and landscapers.

Lawsuits may result from misunderstandings with clients or customers and different interpretations of contractual obligations and oral agreements. They also may occur due to errors made in performing the service and unexpected difficulties in delivering the promised results. Both the company and individuals may be held liable for any of these claims.

Types of services covered

An E & O policy provides protection for negligent acts, errors and omissions in rendering or failing to render almost any type of service. There are hundreds categories of businesses eligible for professional liability coverage, including:

• Physicians
• Attorneys
• Consultants
• Advertising agencies
• Travel agents
• Construction companies
• Plumbers
• Electricians
• Auto service
• Landscapers
• Staffing firms
• Real estate brokers
• Computer service companies