What is Professional Liability Insurance?
Professional Liability insurance, also referred to as Errors & Omissions insurance, covers businesses or individuals in the event that a client holds such company or individual responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results. In very basic terms, it protects an insured for a service performed for a client and the client claims it was done incorrectly and caused them harm. Most professional liability insurance policies cover defense costs and any resulting settlements and judgments against you or your company, up to the coverage limits on the policy.
Who needs Professional Liability Insurance?
Any company that is in the business of providing a service to clients for a fee faces a professional liability exposure.
Complete the Request a Quote form above, or call us at (310) 373-6441. Professional Liability Insurance requires an application to be completed in order to quote.
Located in Torrance, California, ISU-The Olson Duncan Agency was originally established in 1945. We do not work for an insurance company; we work for you. We represent a carefully selected group of financially sound, reputable insurance companies, and we place your policy with the company offering the best coverage at a competitive price.