Professional Liability Insurance | Errors & Omissions | Carriage Insurance
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PROFESSIONAL LIABILITY Insurance (E & O)

If service is your specialty, it deserves special insurance. Professional liability insurance (PLI) also called professional indemnity insurance (PII), protects advice and service-providing professionals from bearing the full cost of defending against a negligence claim made by a client, as well as damages awarded in a civil lawsuit. This coverage focuses on alleged failure to perform on the part of, financial loss caused by and error or omission in the service or product sold by the policyholder. PLI is required by law in the medical and legal professions and is sometimes required under contract by businesses which are beneficiaries of advice or service. It is important to understand that coverage does not include criminal prosecution and excludes certain liabilities under civil law that are not enumerated in the policy.

Errors and Omissions insurance (E&O), another PLI policy, covers your business for negligent acts and omission that may cause financial harm to you or your clients. E&O insurance is most often used by the following professions:

  • Notary public
  • Real estate brokers
  • Insurance agents
  • Appraisers
  • Management consultants
  • Information technology providers
  • Architects (building and landscape)
  • Engineers
  • Attorneys
  • Third-party business administrators
  • Quality control specialists
  • Nondestructive testing analysts

 


 

WHY CARRIAGE?

Understanding the specifics of professional liability and E&O insurance can seem daunting. The experts at Carriage will carefully explain your plan and clearly define what coverage you need and how far it extends. We understand that sometimes, mistakes happen, so let us help you manage your risks when they do.