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Insurance: Professional
Great Coverage for Business Professionals

Professional Liability offers protection from Claims arising from negligent acts, errors or omissions on the part of a professional in the performance of a service to a third party.

Evidence of negligence does not automatically establish a liability. It is the breach of duty, which can expose the professional to financial liability.

Types of professionals who require this coverage include:
  • Lawyers
  • Doctors
  • Engineers

Exposure can persist beyond the service provided. For example, a professional will be equally liable for the negligence of any person they employ while acting in a professional capacity.

Your coverage with this policy is triggered when a Claim is made rather than when damage occurred. So, it is important that no gap in coverage occurs.

Directors & Officers Liability

A Director or an Officer can be held personally liable for such Claims as:

  • Wrongful dismissal
  • Discrimination
  • Enforcement of association or
    government regulations
  • Breach of fiduciary duties
  • Providing advise to members
  • Uncollected withholding taxes
  • Inadequate training of volunteers

The law places a standard of care on Directors and Officers of a corporation or institution to:

  • Perform their duties in good faith and in a manner they reasonably believe to be in the best interest of the corporation.
  • Not engage in personal activities to the detriment of the corporation.
  • Not use their position to further their private interests.
 
Your best insurance is an insurance broker.
For more information, please contact us.
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