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Professional Liability Insurance

The professional liability insurance program is an essential tool for protecting professionals against potential claims that may arise from errors or omissions in the performance of their duties.

This insurance provides coverage in the event that a professional faces a lawsuit from clients due to mistakes, omissions, poor quality of services, incorrect advice, or other professional actions.

🔹 Key Benefits of Professional Liability Insurance

  • Compensation for third-party claims arising from negligent performance of your professional duties
  • Compensation for claims due to defamation or slander
  • Coverage for infringement of intellectual property rights or breach of professional duty
  • Legal defense costs, regardless of whether the accusation is ultimately upheld
  • Out-of-court settlement amounts, if applicable

Professional liability insurance is considered necessary for many professions, such as:

  • Lawyers
  • Doctors
  • Architects
  • Consultants
  • Hairdressers
  • Accountants
  • Technology (IT) companies
  • Plumbers
  • Electricians
  • And many others

Work with the Allsafe insurance team and choose the plan specifically tailored to your profession—one that protects you from potential errors and enhances your professional reputation.

 

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Useful Questions

What should I be aware of??

The vast majority of Professional Liability insurance policies are on a ``Claims Made and Reported`` basis, which means that in order for coverage to be triggered, the damaging event, the third-party claim, and the notification to the insurance company must all occur within the policy period, and the damage must not have been known to the insured at the time the policy was taken out.

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