Professional Liability
Professional Liability Insurance is designed to protect and indemnify your company against legal liability for any claim for compensation against alleged breach of professional duty in the conduct of your business.
The policy will pay for legal costs and expenses incurred which have been agreed with your Insurer in the defense and/or settlement of any claim. Most professional liability policies underwritten nowadays are on a claims made basis meaning that any claim or circumstance must be reported and notified to the insurance company during the policy period or in some negotiated cases within the discovery period.
The policy will pay for legal costs and expenses incurred which have been agreed with your Insurer in the defense and/or settlement of any claim. Most professional liability policies underwritten nowadays are on a claims made basis meaning that any claim or circumstance must be reported and notified to the insurance company during the policy period or in some negotiated cases within the discovery period.