professional indemnity insurance can help cover the costs associated with managing the breach, notifying affected parties, and providing credit monitoring services. It can also cover legal defense costs if the professional faces liability claims from clients or third parties as a result of the...
What does professional liability insurance cover? Understanding what professional liability insurance covers can be somewhat confusing. It is vital to adhere to the definition of ‘professional liability’, which pertains to the expertise of a particular professional and how he performs his job. Any la...
What Does Professional Indemnity Insurance Cover? As long as your error or negligence was unintentional, your indemnity insurance would pay for your legal costs when defending the claim. It will also cover any damages awarded to the plaintiff by the court or the settlement amount if both sides ...
How much does public liability insurance cost? How much public liability insurance cover costs you depends on the type of business you run, the size of your business and how much you interact with the public. Insurers will also want to take into account your claims history and how much risk...
When a claim of professional negligence is made, your E&O policy will cover the legal defense, judgments, and settlements up to the policy’s limits. It’s important to note that professional liability insurance is a claims-made policy. This means that the policy must be active at the time...
Your accounting business makes a mistake.The result is your client has to pay hundreds of thousands of dollars in back taxes.Professional liability insurance—also called errors and omissions—could help cover these costs. An employee falls for a phishing email.The perpetrator manages to steal sensi...
How much does professional indemnity insurance cost? The cost of professional indemnity insurance can vary due to a number of factors, such as: the amount of cover you require the activities you are undertaking the income your business generates. ...
Case Studies: What does renters insurance cover? Case Study 1: Theft and Vandalism Sarah, a young professional living in a rented apartment, returned home one day to find her place had been broken into. Several valuable items, including electronics and jewelry, were stolen. Thanks to her rente...
Other types of liability insurance, such as malpractice insurance, cover claims arising from your professional or business activities. What Does Personal Liability Insurance Cover? Although they rarely get to the lawsuit stage, many liability-related claims are quite commonplace. Some of the scenarios ...
Commercial generalliabilitypolicies may cover the cost of any accidental damages as a result of the business' operations or the legal costs of defending a suit. Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft,...