Professional liability insurance, otherwise known as errors & omissions (E&O) insurance, protects individuals and companies that provide professional advice from suffering the full cost of a negligence claim made by a client. The damages for such a claim are awarded in a civil lawsuit.
With BearStar, Obtaining Coverage Is Easy
Professional liability insurance policies tend to vary in price, coverage, and service from one insurer to the next. At BearStar, our extensive portfolio of liability solutions are designed to protect our clients from negligent financial loss, or an error in their professional services.
Professional Services Need E&O
There are a number of professional services that call for E&O insurance. Doctors and physicians, for example, need malpractice insurance to protect against claims from patients. This also goes for realtors, agents, brokers, IT professionals, software developers, and webmasters. BearStar also covers those in the consulting, architecture, engineering, accounting and financial services, and wedding planning industries.
The bottom line? If you offer any sort of professional service, you need E&O insurance.
The Right Coverage for Your Professional Service