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 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, call us toll free at 1-800-649-3252. For a no obligation quote, use the form to the right of this blog for a return email or phone call.

Prefer video? Here's Geoff Gordon presenting for BusinessTown, on "Professional Liability Insurance"

Need More Information?

Head to the Gordon Insurance Research Center.

Browse more specific pages to help make insurance make sense:

Contact Us

Get a Custom Quote! Free.

Check out our free eBooks:

Auto Insurance

It is critical you insure your automobiles; it is also a legal necessity. Auto insurance protects you and your family in the event of an accident. Gordon Atlantic...

Created with Sketch.

Home Insurance

If you live in Maine, Massachusetts, New Hampshire, Rhode Island or Vermont, consider insuring your home with Gordon Atlantic Insurance. Our personalized...

Created with Sketch.

Life Insurance

Protect what matters most. Our personal lines team will take the time to get to know you and your family so you can secure a policy tailored to your...

Boat Insurance

We love living on the south shore as much as you do. And if your love of the ocean extends to sailing and motor boating, we can cover this...

Business Insurance

It seems there are as many different options of Business Auto Insurance as there are business vehicles on the road, but we can break down the categories using a...

Get a Quote

We are local insurance experts serving the South Shore for over 70 years.
Click below to get a free quote for your personal or business insurance.