Professional Liability

Mistakes Happen

 

In today’s litigious society, lawsuits against businesses

are common. And as a business owner, you need to

be prepared to protect the integrity of your company if

an incident or mistake turns into a claim.

At Aduna Insurance , we understand that mistakes

happen. That is why we are committed to helping you

create a Professional Liability policy that keeps your

day-to-day operations protected should your

business be held legally liable.

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What Does Professional Liability

Cover?

While it is important for your business to have general liability coverage for property damage and bodily

injury, Aduna Insurance recommends adding Professional Liability Insurance to your business portfolio

because it insures the people and/or entities of your business from negligent claims made by third

parties, or even internal sources.

From failure to render a service to malpractice suits, Professional Liability can provide a wide variety of

options, such as:

Errors and Omissions Liability (E & O) – E & O covers any mistakes made by employees who work on

behalf of your business, if your business charges fees for your services. It can include coverage for any

errors such as failure to perform or violations of contract. Depending on your industry, your insurance

needs will vary.

Directors and Officers Liability (D & O) - Having financial protection for your business’ Directors and Officers can prevent loss in the event that they are held liable from actions related to their corporate positions. This can include anything from conflicts of interest to mismanagement of company assets and violation of laws.

Fiduciary Liability - Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.

Employment Practices Liability - With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans, and wrongful termination.

Contact a representative with Aduna Insurance today to prevent mistakes and errors from becoming major losses for your business.