Alternatively known as errors and omissions insurance (E&O), professional liability protects your business from alleged or actual negligence, libel or slander, and more by covering the cost of defense should a lawsuit occur. This is different from general liability insurance, which protects businesses against physical injury or damaged property claims.
Anyone who offers professional services or regularly gives client advice, such as:
The insurance coverage depends on industry / profession, location, number of employees, and years in business. Over the last year, small business owners throughout Mississippi have paid an average of $40 per month for professional liability insurance coverage.
Professional liability insurance is a policy that is included in a business owner's policy (BOP) and since coverage varies from industry to industry, not all businesses are required to have it. Business owners can find out more or purchase this policy by requesting a professional liability insurance consultation through People Lease and have one of our expert agents customize a policy.
Prevent actual or alleged errors and omissions stop you from running your professional services business.
If you need professional liability insurance for a contract, the policy begins as soon as you receive proof of insurance.
Professional liability covers the litigation costs of a legal defense team and pay for any settlement agreements made.
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Phone: 1.800.723.3025
Fax: 601.987.3029
Email: info@peoplelease.com
Mississippi Headquarters: 689 Towne Center Blvd. Suite B Ridgeland, MS 39157-4900
Florida Office: PO Box 5158 Homosassa, FL 34447
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