auto insurance norwell MA gordon atlantic insurance homeowners insurance norwell MA gordon atlantic life insurance norwell MA gordon atlantic boat insurance norwell ma gordon atlantic business insurance norwell ma gordon atlantic
         Auto Insurance          Home Insurance           Life Insurance           Boat Insurance      Business Insurance

Professional Liability

Professional Liability insurance is also known as Malpractice Insurance or Errors and Omissions Insurance. 

If you provide any sort of professional advising, you need Professional Liability insurance.

Properly arranged this kind of insurance will provide three areas of important financial protection:

  • Payment for a defense team
  • Payments for settlements
  • Payments for judgments

Payments for the defense team can't be the most important part of this insurance, because you don't have to make a material error or omission to be sued.  Of course settlements and judgments are important too because these are losses that are difficult to quantify until rendered.

Choosing professional liability can be complicated.  One of the most important features is the definition of your professional services; a broader definition is always better, but the definition needs to be reviewed in every case.  Another is whether defense costs are included in the policy limit purchased or whether they do not count toward your total amount of insurance.  

We use a checklist of various policy features to help communicate to customers some of the more important options available.

For more information about your particular professional liability needs contact us at Gordon Insurance anytime.


Check out our free eBooks:


 

To find out more about what we can do for you, CALL US at (781) 659-2262
Or follow us on any of our social media pages.