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Professional Liability Coverage (E&O)

  • Overview

    A quick search will show that the allegations against professionals these days are endless and expensive. Once you’ve been named, things get costly—even though you may not be at fault. You may believe that you can protect your personal assets against claims by simply incorporating your business. But incorporated business owners are corporate directors and can still be held responsible for sizeable expenses. At Wells Insurance Services, we want you to feel free to do your job without worrying about your professional exposures. Professional Liability Insurance will help defend you from allegations others make against you or your staff as they relate to negligence, omission of information, or other errors—whether the claim is real or exaggerated.

  • Online application

    To talk to a professional who understands your business and can ask the right questions to provide you with the right coverage, contact Wells Insurance Services today!

    Request a quote

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FAQs

  • What does Professional Liability Insurance cover?

    In general, Professional Liability (also known as Errors and Omissions) covers you against allegations brought by a third party (i.e., a client) seeking damages resulting from a negligent or wrongful act, error, omission or arising from your profession and within your scope of practice.

  • Professional Liability Insurance is a "claims-made" policy. What does "claims-made" mean?

    “Claims-made” refers to the fact that you must have an active policy in place both when the incident occurred, and when the claim was reported (i.e. made) to the insurer.

  • Do I need my own Professional Liability policy if I am employed full-time?

    No, if you are employed full-time you are likely covered under your employer’s liability, unless you have been told otherwise. HOWEVER, if you are working on contract or part-time, you most likely do need to purchase your own Professional Liability policy.

  • What do I do if I receive a statment of claim?

    Once you are aware of an actual or potential claim, report it to us immediately. Please refrain from making written or oral statements, and do not offer to compensate or admit liability. Taking such actions could interfere in the insurer’s ability to manage the claim.

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