ITinsure Provides Business Liability Solutions for Professional Consultants
Professional Liability (Errors & Omissions Insurance)
Consultant’s professional liability insurance provides coverage for claims filed by clients who allege the professional services that were provided did not meet expectations or fulfill their contractual obligation. Regardless if the allegations are true the cost to defend these claims can seriously impact the financial condition of your firm.
Businessowners Policy (Includes General Liability Coverage)
A Business Owners Policy (BOP) simplifies the insurance buying process by packaging typical liability and property coverages needed by small to medium size businesses. Optional coverages can be added to meet the specific needs of each company.
1. Business Liability
2. Building and Business Personal Property (BPP)
3. Fire Legal Liability
4. Business Income Interruption
5. Equipment Breakdown
6. Money and Securities
WHY DO YOU NEED PROFESSIONAL LIABILITY AND A BUSINESSOWNERS POLICY?
A Businessowners policy (BOP) does not cover professional liability claims. A BOP is designed to cover the losses to your building, business personal property and legal liability for your business for monetary losses to third parties resulting from bodily injury, personal injury, and advertising injury.
A Professional Liability policy provides coverage for claims as a result of their professional services provided to their clients. This type of coverage is also known as errors and omission liability and is very similar to malpractice insurance purchased by doctors. Defense costs and damages are paid for covered losses. Bodily injury and property damage coverage under the professional liability policy is very limited or excluded altogether.