Professional Liability Insurance  from Massachusetts Specialists

Proudly Providing Professional Liability Insurance to Businesses in Massachusetts & Many Other States Across the Nation

Professionals are hired for their expertise, and they’re expected to use their skills and knowledge properly. Should a professional make a mistake while working, a customer or client might seek compensation for any injury, damage, or financial loss the error causes. Professional liability insurance helps protect Massachusetts professionals from covered liability claims related to errors they allegedly make.

What is Professional Liability Insurance?

Professional liability coverage is a specialized form of liability insurance that helps protect professionals from lawsuits filed over the quality of their work. If a customer, client, or someone else accuses a professional of making an error that caused damage, injury or loss, a professional liability policy might cover any legal fees and settlement associated with the claim.

What Professionals in Massachusetts Can Benefit from Professional Liability Insurance?

Most Massachusetts professionals can benefit from the protections that professional liability insurance offers. After all, just about any professional could be sued by a customer or client.

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A few examples of professionals that frequently get a professional liability policy are:

• Doctors, nurses, physician’s assistants, paramedics, and other medical professionals
• Lawyers and paralegals
• Architects and engineers
• Insurance agents, investment advisors, and accountants
• Real estate brokers and agents
• Software engineers and graphic designers
• Consultants and anyone else who gives clients advice

Some of these professionals may be required to carry professional liability coverage. For example, doctors in Worcester, MA who don’t have coverage may not be able to practice at or admit patients to the city’s local hospitals.

In other cases, coverage isn’t required but professionals may be dangerously exposed to potential liability suits if they don’t have protection. A software engineer in Boston, MA, for instance, might be able to decide for themselves whether they want coverage. Without it, however, they might have few resources to help pay for the costs associated with a liability suit that’s filed over an alleged error they made.

Are There Different Types of Professional Liability Policies?

Because many different professionals need professional liability coverage, insurers offer several different types of policies. Along with straightforward professional liability policies, there are also:

• Malpractice Policies, which are typically used by professionals in the medical field
• Errors and Omissions (E&O) Policies, which are usually used by professionals who give advice (e.g. real estate agents, insurance agents, lawyers, and consultants)
• Directors and Officers (D&O) Policies, which are normally used by board members and high-level executives

When looking for a professional liability policy, professionals ought to choose whatever type of policy is most suited for their field and best meets their needs.