Also known as Errors and Omissions (E&O), professional liability insurance can help protect your business from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lose revenue or incurred expense because of the negligent rendering of professional services. Different from General Liability Insurance, Professional Liability addresses unique lawsuits that ‘experts’ can face.
Professional liability exposures exist for an increasing variety of business operations, including but not limited to lawyers, accountants, doctors, real estate agents, technology firms, manufacturers, consultants, and engineers.
How Much is Professional Liability Insurance in Michigan?
Factors that affect the cost of Professional Liability insurance include specific profession, location, coverage limits, number of employees, and the number of years in business. Therefore, the terms and conditions of a Professional Liability Policy are as crucial as the cost itself.
Why Do Business With Us?
With over 100 years of specialized knowledge in risk mitigation, Mason-McBride provides a comprehensive line of premium insurance products. In addition, our extensive carrier network and diversified services provide business and industry leaders with best-in-class coverage.
Mason-McBride is an independent agency, not a captive or direct insurer that only sells its products. Therefore, we work hard to find you the best policy at the lowest price. In addition, our ability to serve our policyholders proactively sets us apart from the competition.
Whether you need professional liability insurance or a combination of coverages, our team of specialists can find a coverage plan that offers complete protection from the unexpected.
So if you’re interested, start a quote online, or give our office a call.
The team at Mason McBride is happy to assist.