Independent Insurance Agency serving Arizona for over 30 years.
2410 E. Route 66
Flagstaff, AZ 86004
11225 N. 28th Dr. Ste-D
Phoenix, AZ 85029
Mountain Valley Insurance
4672 Maverick Ln.
Lakeside, AZ 85929
355 Main St.
Camp Verde, AZ 86322
Professional liability insurance refers to a broad area of specialized policies designed to handle claims and losses due to professional service exposures. There can be many names depending on the profession such as Medical Malpractice insurance for the medical profession or Error and Omissions insurance for engineers, consultants, and real estate professionals.
Let's use a home inspection service as an example. Home buyers assume that the inspection discovers every minor defect in the home and will hold the inspection service accountable for anything that is overlooked. The errors and omissions insurance will protect the inspection service if they unknowingly make an error or mistake in their inspection and will provide legal defense if a lawsuit is brought against them.
Traditional professionals include architects, beauticians, tax preparers, educators, lawyers, financial advisers, engineers, and insurance agents . In fact, many contracts require service providers to maintain professional liability insurance.
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Professional Liability Insurance