Faith Shield Insurance Provides Auto/Car Insurance, Homeowners Insurance, Business/Commercial Insurance, Life/Health Insurance, and Employee Benefits to All of Florida, Including Boca Raton, Deerfield Beach, Pompano Beach, Fort Lauderdale, Delray Beach, West Palm Beach, Orlando, Miami, Coconut Creek and Coral Springs. Also in the state of New Jersey.
What is Professional liability insurance (PLI) or errors & omissions (E&O) ?
Is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance.
When is Required the Professional liability insurance?
Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by insurance agents, consultants, brokers and lawyers. Other professions that commonly purchase professional liability insurance include accounting, engineering and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other non profits/ NGOs are also professional-liability insured.
What coverage we can offer you?
Alleged or actual negligence
Defense costs
Personal injury (e.g., libel or slander)
Copyright infringement
Worldwide coverage
Temporary staff and independent contractors
Claims arising from services provided in the past
Claims and damages
Contact us today.For a full list of coverage available, or to learn more about this product.
