R.D. Fink Agency, Inc.
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    • Life and Health Insurance Quotes >
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    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
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  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Medicare Planning
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Life & Health >
      • Life Insurance
      • Health Insurance
      • Disability Insurance
      • Long Term Care Insurance
    • Medicare Supplement Coverage
    • Business >
      • Business Insurance Overview
      • General Liability Insurance
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Professional Liability Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Workers Compensation
    • Other >
      • Boat Insurance
      • Event Insurance
      • Wedding Insurance
      • Umbrella Insurance
  • Blog
  • About
    • Why Choose an Independent Agent?
    • Refer a Friend
    • Staff Directory
    • Insurance Carriers
    • Mobile Website
    • Privacy Policy
    • Client Testimonials
    • Agency Photo Gallery
    • Accessibility Statement
    • News
  • Contact


Professional Liability Insurance

Having the proper business insurance coverage at an affordable rate can make the difference between the success and failure of your business. Allow our commercial insurance experts to help guide you to success.

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What is Professional Liability Insurance?

Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which 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 insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

Coverage sometimes 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. Professional liability insurance is required by law in some areas for certain kinds of professional practice.

Source(s): https://en.wikipedia.org/wiki/Professional_liability_insurance

(215) 230-9810​
1456 Ferry Road
Suite 602
Doylestown, PA 18901​
Click Here to Email Us
Licensed in ​Pennsylvania and New Jersey

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R. D. Fink Agency, Inc.​
1456 Ferry Road
Suite 602
Doylestown, PA 18901
(215) 230-9810​
​Click Here to Email Us
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