Professional Liability Insurance

What is Professional liability insurance?

Professional Liability Insurance is a form of insurance that protects specialized professionals from financial harm and reputational risks they might incur in the course of doing business. It is also called Errors & Omissions (E&O) Insurance by some industries.

What does Professional Liability Insurance cover?

A Professional Liability policy is designed to protect your business when errors or omissions are made or alleged and can include negligence, misrepresentation or inaccurate advice. Professional Liability Insurance is different from General Liability Insurance, which covers physical losses, such as injuries to people or damage to their property.

Who needs Professional Liability Insurance?

Professional Liability Insurance helps specialized professionals protect their businesses and reputation. High-profile industries often attract risks associated with the services they provide, making them vulnerable to lawsuits. The list is expansive and includes service providers, manufacturers and technology companies. Dissatisfied clients, whether justified or not, can sue you if they believe your mistake led to financial losses. Allegations of failure to provide professional services might include:

Missing a project deadline
Breach of contract
Professional negligence

You’ve worked too hard to see your business threatened by a lawsuit. Mounting a defense, even for an unwarranted lawsuit that you win, can wage a heavy financial and reputational toll. Professional Liability Insurance can help cover expenses associated with:

Defense costs
Court fees
Settlements or judgements
Crisis management

Why choose Zurich for professional liability insurance?

Zurich’s Pro Plus® Professional Liability Insurance, also called Errors & Omissions (E&O) Insurance, gives practitioners in technology, manufacturing and a variety of professional service industries the flexible, effective solutions they require. It also includes Security and Privacy (S&P) and a host of other cyber-related coverages that are crucial in today’s digitally focused business environment.

Our expansive offerings and deep knowledge can also help you explore different approaches to Professional Liability coverage through Captives and other alternative structures, such as Integrated Risk Programs and Structured Risk Programs for a diverse portfolio of often complex risks.

Flexible solutions

Pro Plus® offers a comprehensive suite of coverages in one program. Our modular format lets customers choose the solutions they need to create a single, tailored policy.

Claims and underwriting advantage

Our Claims specialists include qualified, experienced attorneys who understand the unique challenges of professional liability issues and dedicated E&O underwriters who bring extensive knowledge and experience to support our customers.

Global reach

Zurich’s presence in more than 210 countries and territories addresses exposures on an international basis and helps provide protection where you do business.