Professional Liability

Professional Liability insurance comes in many forms. It is a type of insurance that addresses claims of negligence that arise from a higher duty of care. For example, you expect your accountant to have a greater understanding of the tax implications of a financial decision you make that you might expect from your neighbor whose business is running a hardware store. You rely on your neighbor’s tax advice at your jeopardy. When you rely on your accountant’s professional advice and he or she turns out to not have a sound basis for that advice, you can bring a claim against the accountant for professional negligence.

Physicians, architects, and attorneys all come to mind when thinking of professional liability. However, there is an extensive range of highly trained professionals that have a higher level of expected care and diligence expected of them by the general public. They all potentially may have professional liability exposures.

Speak with your PA&T professional today about professional liability insurance. We can help you determine coverage appropriate to your activities.