Professional liability insurance, also known as malpractice insurance or errors and omissions insurance, protects businesses against financial losses from lawsuits filed against them from clients. If a client is harmed by a service or an advisement that you provide which you’re held legally liable, California Professional Liability Insurance usually covers: negligence, defense costs regardless of fault or allegation as well as services previously performed up to a certain agreed upon timeframe.
This type of liability insurance pays for any resulting judgment against your business including court costs up to the coverage limits in your policy. Premiums are usually based on the limit of liability, the type of profession, the number of covered individuals, annual revenue, the location of the company and the deductible. Please contact us to receive a California Professional Liability Insurance quote today.
Contact us and receive a quote!