Introduction 

When you are considering your business, there are a significant number of factors that must be considered for it to be successful. These factors can be both external and internal. While internal factors are without a doubt in our control, it should be noted that we will not be able to effectively control external factors. This is why we should ensure while we try to avoid and mitigate our losses caused by such external factors, that we have an insurance cover available that would allow us to carry the financial burden. 

Introduction to Professional Liability Cover 

How do we do this is one simple step in the direction of the world of insurance. Such external factors would affect the financial viability of the business through various legal cases against the company in terms of misrepresentation, breach of contract or wrongful business practices. While there are certain measures to avoid any such issues, if it occurs given the slightest change, it is best to ensure that we maintain a safety net. This ‘safety net’ for many of the business will be the Professional Liability Insurance Cover. What does this cover protect, you ask? It protects the business from any financial liability arising from legal cases relating to charges of negligence or harm, based on a professional service or advice you provided. This insurance cover may also be referred to as the Errors and Omissions Insurance (E&O).  

Introduction to CIII Professional Liability Insurance Cover 

It is critical that we obtain such a professional liability cover that would allow for the company to function normally without the worry of financial liability. This is why the coverages provided by CIII Insurance service are important. These coverages would include defense costs, judgment, settlements and fines or penalties resulting from the allegations of misrepresentation, breach of professional services, wrongful business practices, misleading advice and conflict of interest. This is why you must ensure that a professional liability cover is intact for your business.  

Whether it be the Professional liability insurance, standard home insurance, Auto insurance or business insurance, our industry leading professionals are here to help you. CIII Insurance Services is more than happy to help you save your time and money, let us know! 

CIII Insurance Services is a general independent insurance agency with a broad range of Commercial, Employee Benefits, and Management Liability products. We have aligned ourselves with some of the finest carriers to deliver these products to you. Contact us.