Professional Liability Insurance

Sometime even experts make mistakes! Let your professional liability protect you from them

Professional business people are exposed to risk every day they wake up and do their job. The potential risk of all exposures needs the protection of proper Professional Liability insurance coverage. LoPriore Insurance can help identify what the potential risks are for you and offer a customized insurance plan to cover you and your business.

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Professional Liability, also known as Errors & Omissions coverage, protects your business in the event you are sued as a result of an alleged error or omission, or for not performing per a contract you may have signed, and the resulting property or casualty loss sustained by a claimant.


Professional liability insurance coverage gives your business protection from the risks you face in delivering your professional services. Even if no errors occur, a business may be sued, and the defense coverage provided under this policy make it an essential part of an insurance program.


Examples of Professionals that need Professional Liability Coverage are:

Architects, Barbers & Beauticians, Bookkeepers, Consultants, CPAs, Doctors & Physicians, Engineers, Insurance agents, Information technology, Janitors, Landscapers, Land surveyors, Lawyers, Mortgage brokers, Printers, Real estate agents


What is covered

  • Alleged or actual negligence
  • Defense costs
  • Personal injury (e.g., libel or slander)
  • Copyright infringement
  • Worldwide coverage
  • Temporary staff and independent contractors
  • Claims arising from services provided in the past
  • Claims and damages

What is not covered

  • Bodily injury or property damage
  • Fraudulent acts
  • Employment matters
  • False advertising
  • Patents and trade secrets
  • Personal identifiable information


What does a professional liability policy cover?

The policy pays other parties for damages which you are legally liable to pay as a result of negligent acts, errors, or omissions in the performance of your professional services. Damages can include property damage, bodily injury, economic loss, and legal expenses. The insurance company must defend you against such claims, even if the allegations ultimately are determined to be false or groundless.

How is the insurance premium calculated for professional liability insurance, and what does it cost?

The determining factors for cost of insurance for a professional liability policy include the limit and deductible you choose, your work history, the size of your business, and the amount of people you are required to protect with the coverage. Lastly, the claims history counts a great deal, as well as your firm’s professional business practices established.

What is the difference between a professional liability policy and a commercial general liability policy?

A professional liability policy covers negligent acts, errors, or omissions in performing professional services (such as mistakes in the preparation of plans or specifications, surveying errors, or failure to provide services per the reasonable standard of care).
A Commercial General Liability (CGL) policy covers non-professional activities, both inside and outside their office premises (such as when a visitor to their office slips and falls).

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    LoPriore Insurance Agency
    LoPriore Insurance Agency
    426 Main Street Suite 2
    Stoneham, MA 02180-2650
    Fax: 781-438-6790
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