Professional Liability Insurance

As a business owner, it is important to be responsible and provide the coverage your business needs to stay afloat in the event of unexpected events. Our agents at Overhead Capital LTD want you to have access to the commercial insurance you need, including professional liability insurance.

What Exactly is Professional Liability Insurance?

A type of commercial insurance, professional liability insurance protects professional businesses that offer services to their customers, such as attorneys, doctors, and CPAs. Their expertise level in a certain industry is the reason why they are generating a clientele, and that expertise has to be protected with professional liability insurance.

When Can I Use Professional Liability Insurance?

Should your business come under fire for claims like negligence or malpractice of services where clients suffered financially, you could be taken to court under a lawsuit. During these cases, it is best to authorize your professional liability insurance so that your business does not suffer financially. Without this type of coverage, you could be forced as the business owner to use personal and business-owned assets to cover the cost of damages associated with the case.

This insurance can only be used on claims that were made during a particular policy period and fall in accordance with the guidelines placed by the insurance policy. There are some cases such as cyber liability and technological issues that are not covered with your professional liability insurance. Make sure to understand your policy and the wording before making a claim.

Contact Overhead Capital LTD Today

If you are in need of commercial insurance, specifically professional liability coverage, contact one of our agents today. They can assist with a personalized quote that will protect your business and your employees within. We look forward to working with you soon.

Partner Carriers

aic Amercian Modern Assurant Flood bristol-west Chubb donegal encompass foremost grange hagerty hiscox metlife-auto national-general nationwide nationwide-private-client nfs-flood progressive-auto safeco state-auto