Professional liability insurance, which is also called errors and omissions (E&O) insurance, protects professional service providers against claims of negligence, mistakes or failure to perform professional duties.
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Business Insurance
The Difference Between General Liability and Professional Liability Insurance
Your commercial general liability (CGL) insurance policy is the foundation for your company’s insurance program. Most businesses need a CGL policy, which provides broad coverage if you cause bodily injury or property damage, and, in some cases, personal injury, to a third party.
What Are Common Exclusions in EPLI Insurance?
Employment practices liability insurance (EPLI) is a necessary product for many businesses in today’s litigious world. EPLI protects your business from various kinds of lawsuits brought by current, former or prospective employees.
What are the different types of reinsurance?
Reinsurance is an insurance product for insurance companies, enabling them to transfer some of their risks to a reinsurance company.
What to Do When Your Business Insurance Claim Gets Denied
If you are like most businesses, you pay a considerable sum for insurance coverage. In return, when you submit a claim for covered losses, you expect the insurance company to reimburse you.
“Other Insurance” Clauses in Insurance Contracts
Placing “other insurance” clauses in insurance contracts is one of many ways that insurers look to limit their liability.
Determining if Liability Insurance Claims Resulted from a Single or Multiple Occurrences
Commercial general liability (CGL) insurance protects your business from claims of bodily injury and property damage that are brought by third parties. CGL policies are almost always “occurrence-based” policies, which means they provide coverage for injury or property damage resulting from an event or occurrence that happens during the policy period.
Are Discrimination Claims Covered under Your Business Insurance?
Discrimination lawsuits against employers are increasingly common in the modern workplace. The U.S. Equal Employment Opportunity Commission (EEOC)reported 81,055 new workplace discrimination charges in FY 2023, up 10.3% from the previous year.
What Are the Consequences of Failing to Properly Notify Your Business Insurer of a Claim?
Insurance contracts generally require that policyholders provide the insurer with proper notice of a claim and, in many cases, an occurrence that may lead to a claim. Insurance companies insist on notice provisions to protect their interests.