<\/p>\n
<\/iframe><\/p>\n<p>Professional liability is also known as errors & omissions or E&O.<\/p>\n<p>I could read you the definition but you probably didn\u2019t come here for that. You\u2019re probably wondering how does this specifically apply to me?<\/p>\n<p>One of the unavoidable reasons can be that your state might require the coverage in order to satisfy a license requirement.<\/p>\n<p>Other reasons might be due to contractual requirements between you and a client.<\/p>\n<p>But there are of course practical reasons you will need this coverage. As careful and risk conscious as a business might be, claims can arise from false and or frivolous allegations causing a business to incur defense costs. In most professional liability policies, you insurance carrier has a duty to defend you when the claim falls within the policy\u2019s limits and scope of coverage.<\/p>\n<p>Of course\u2026there can always be the case of a professional making an error or omission when rendering professional services.<\/p>\n<h4>For example:<\/h4>\n<p>A home inspector fails to see a crack in a drain pipe located under the kitchen sink. Soon after the new homeowner moves in, the pipe bursts while the dishwasher is draining causing substantial water damage.<\/p>\n<p>An Engineer might miscalculate the load bearing weight of a balcony. After 4 years of use, the structure collapses.<\/p>\n<p>A lawyer loses a lawsuit and it is later alleged that there was a conflict of interest that affected the lawyer\u2019s performance and the outcome of the verdict.<\/p>\n<p>Each of these situations will likely result in a claim due to the professional\u2019s rendering or failure in rendering professional services.<\/p>\n<p><a href=\"http:\/\/riskpro.us\/professional-liability.html\" target=\"_blank\">Professional liability insurance<\/a> is the proper coverage to maintain in order to provide financial for your business from allegations of negligence in rendering professional services.<\/p>\n<p>If you\u2019re looking for a <a href=\"http:\/\/riskpro.us\/quote.html\" target=\"_blank\">quote<\/a>, we can obtain competitive quotes from several insurers so you can make an informed decision about this important coverage.<\/p>\n<p>Want to know more? Visit us online at <a href=\"http:\/\/www.riskpro.us\">www.riskpro.us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is professional liability\/ errors & omissions insurance and why do I need it? Professional liability is also known as errors & omissions or E&O. I could read you the definition but you probably didn\u2019t come here for that. You\u2019re probably wondering how does this specifically apply to me? One of the unavoidable reasons […]<\/p>\n","protected":false},"author":1,"featured_media":142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[17,30,34,35,40,41,48,49,50],"class_list":["post-135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-professional-liability","tag-architects-professional-liability","tag-engineers-liability","tag-home-inspectors","tag-home-inspectors-eo","tag-insurance-quotes","tag-lawsuit","tag-professional-liability","tag-professional-liability-insurance","tag-professional-services"],"_links":{"self":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts\/135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/comments?post=135"}],"version-history":[{"count":0,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/posts\/135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/media\/142"}],"wp:attachment":[{"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/media?parent=135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/categories?post=135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.riskpro.us\/blog\/wp-json\/wp\/v2\/tags?post=135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}