Zurich North America names new Head of Professional Liability & Cyber
Veteran Zurich underwriter Kara Higginbotham to lead team of underwriters serving large corporate and middle market customers.
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.
Professional Liability Solutions
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