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Professional Liability Insurance
Professional liability insurance or professional indemnity insurance policies help protect businesses or organizations from possible negligence claims or lawsuits for services they provide. Claims are usually for negligence, good faith, errors, omissions, misrepresentation or incorrect advice.
Typical professions that obtain this type of coverage are general contractors, construction trades, doctors, financial professionals such as insurance agents and CPA’s, consultants, software developers, architects, engineers, brokers and lawyers. Charitable and non-profit organizations also often purchase professional liability policies.
Common names for this type of insurance are: professional liability, errors and omissions (E&O), directors and officers Liability (D&O) and employment practices liability.
TWFG represents a number of companies that may offer professional liability coverage for your business or organization. It is important that the policy and coverage you select matches your business needs. By working with an experienced TWFG agent you can avoid gaps in coverage and determine which company and policy is right for your business.