Miscellaneous Professional Liability

Home » Professional & Executive Liability » Miscellaneous Professional Liability

Miscellaneous Professional Liability

Miscellaneous Professional Liability, (synonymous with the term errors and omissions (E&O) liability insurance), results from errors or omissions in the performance of professional services. Miscellaneous Professional Liability has the briefest history of any professional liability class. There are usually no specific policy forms covering the non-traditional profession and generally the underwriter uses a generic policy form to which is attached any necessary forms defining the specific exposure. The application form is considered a part of the policy and fully describes the nature of the risk insured. There are several reasons for the significant increase in the number of businesses being exposed to claims involving economic loss not directly connected to bodily injury and property damages.

  1. The nation’s transformation to a service/information-oriented economy from manufacturing has spawned the development of various professions or quasi-professions that were either unknown or non-existent 20 years ago.
  2. An increasingly litigious society that has placed enhanced performance standards on those whose operations rarely gave rise to claims alleging economic loss from negligent performance of services.
  3. The explosive growth of the consulting profession has fostered the development of occupations that require professional liability insurance;
  4. Businesses are demanding, with increasing frequency, that firms and individuals employ present evidence of professional liability coverage.

Companies that perform professional services for others can make mistakes, overlook a critical piece of information, misstate a fact, be misunderstood, forget to do something, misplace something, etc., and be sued by their clients over allegations.

Allegations, Such As:

Error, omission, or negligence in providing a service

Failure to provide a service

Fraud

Improper documentation

Malpractice

Mismanagement

Misrepresentation of facts

Nondisclosure

Violations of state and federal law

null

Liability Services

Take a look at our various liability insurance packages. From medical malpractice to cyber security and much more we are here to protect you and/or your business from fault.

null

Commercial Insurance

Protect your business from unforeseen circumstances with our various commercial insurance options. See how we put your mind at ease by being proactive rather than reactive. 

null

Employee Benefits

Your employees are the core of your business and they look to you for protection in times of misfortune. See how we can help you protect your most valuable assets. 

Professionals Maintaining Your Peace of Mind