Professional Liability Insurance, also sometimes referred to as Errors and Omissions (E&O), is insurance to protect you and your company in the event a client alleges they have suffered a financial loss as a result of an error or an omission committed by you in the delivery of your professional services.
Professional Liability coverage is separate from a General Liability (GL) policy which would cover you mainly for bodily injury or property damage liability. Our agents multi company association enables us many resources and allows us to find the best Professional Liability Policy available.
Directors and Officers Liability
If you are a Director of Officer of a business or organization, you are exposed to personal liability for wrongful acts arising out of your management activities, whether the corporation is public, private or a non-profit. In the litigious region we live in, having proper Directors and Officers Insurance is vital.
General liability insurance does not protect you against suits or claims alleging monetary damages from management malfeasance. Increasing economic pressure and public awareness have resulted in a significant spike in claims against Directors and Officers. The purchase of Directors and Officers Liability Insurance is a necessary tool in protecting your personal assets.
FirstCommunityInsuranceCenterworks with the many highly rated Directors and Officers Liability insurers and will work with you to develop the right plan for you and your company. To learn more, please contact us today.