Professional Liability Insurance or Errors And Omissions Insurance is a type of business insurance coverage that will help to cover you and your company if you make a mistake in the professional services you offer a client or customer. It protects you against claims of negligence from those same clients or customers. Professional Liability Insurance can cover claims caused by things you did and/or should have done. Any business that provides a professional service should seriously consider Professional Liability Insurance. At Bogle Agency Insurance, based in Lyndhurst Bergen County NJ, we have been advising business owners for a long long time – we can certainly answer all professional liability questions and we have the right professional liability coverage, as well as, cost options for business owners.
When Does Professional Insurance Matter To A Business Owner?
Professional Liability (or Errors and Omissions) Insurance coverage can help to deal with claims that arise from:
Liability For Inaccurate Advice
– Coverage is generally meant to protect a business owner against claims that advice or services provided caused financial harm, whether it is due to an actual or an alleged mistake. This may also include coverage against the failure to perform a service. Some examples might include:
Liability For Misrepresentation
– Coverage can protect a business owner against claims that a false or misleading statement, intentional or material, occurred. This might also cover scenarios where general liability denies coverage based on the liability insurance carrier’s interpretation of what coverage was and was not based upon.
Liability For Negligence
– Coverage, for example, can protect a business owner against a claim that mistakes were performed during the course of business. Examples might be when a company fails to meet a deadline, has a professional oversight, or makes a material omission.
Liability For Personal Injury Resulting from Slander
– Coverage can protect a business owner against a claim that there was a false written (or spoken) statement made resulting in damage. Coverage could be for libel, slander, and/or defamation.
It can all be very complicated, so please give us a call today to find out more about Professional Liability Insurance coverage and how it can protect you and your business!
Why Bogle Insurance Support Is Your Best Bet
When it comes to the tough decisions related to various business insurance coverages, including Professional Liability Coverage you will want the most experienced professional agency. Bogle Agency Insurance, based in Lyndhurst Bergen County, NJ, not only offers you, your family, and/or your business commercial liability insurance options, but we can help you understand all the liability insurance variables. At Bogle Agency Insurance, we are your Bergen County, NJ, Business Insurance advocate … and we are not the insurance carrier. We are a family insurance practice, 4 generations and 100 years, dedicated to helping you make the best possible decision. Simply request a quote to get started today!