Professional Liability aka Errors & Ommissions or E&O
Serving Denver, Golden, Lakewood, Arvada, Boulder, Littleton, Evergreen and all of Colorado

The number of liability lawsuits against professionals has increased in recent years and all professionals are at risk of being sued for faulty work. Small companies can go bankrupt from the cost of these lawsuits. Even large companies can experience a large financial loss.
An E&O policy covers legal fees and settlements in such scenarios, regardless of fault.
What is Professional Liability insurance?
Professional Liability insurance provides coverage for businesses or individuals when they are held responsible for an error in a service provided, or failure to provide a service, or a service provided that produced unexpected result for the client. All policies are different , so check the policy details but in general this policy will also pay for negligence, inaccurate advice and misrepresentation. For doctors, dentists, etc., it is called malpractice insurance. For professionals like lawyers, accountings or engineers, it may be called professional liability. Regardless of its name, Professional liability insurance covers any errors in a service provided or omissions that either you have made or that the client perceives you have made.
Who Needs Professional Liability Insurance?
Any business that provides a service for a fee, or any non-for-profit organization with a board of directors has a liability exposure if mistakes are made which causes harm to the client. Or there might be an event that causes the service provider to be unable to complete their contractual obligation to complete a job on time. These two events are the major cause for liability exposure to an individual or organization.
A General Liability policy DOES NOT cover mistakes that eventually do happen. Professional Liability Insurance is designed to pay the expenses incurred to make the injured party whole again.
What Expenses Does Professional Liability Cover?
Professional Liability Insurance is designed to pay the expenses incurred to make the injured party whole again.
Denver West Insurance Brokers is a local independent insurance broker located on the west side of Denver in Golden, CO. If you think you might need Professional Liability, give us a call
at 303-900-5290 or EMAIL us. We are happy to assist you today.
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