Professional Indeminity Insurance

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PROFESSIONAL INDEMNITY

Today’s professionals work long and hard to develop successful businesses.  Their entrepreneurial spirit is enviable.  But there are times when what appears to be a minor mishap can erupt into a potentially devastating situation: A lawsuit.

Contrary to popular belief, you don’t have to be wrong to be sued. Innocent targets can find defense to be an expensive proposition. Our policies cover the professional against the enormous costs of litigation as well as financial damages that may be awarded. Our experience and depth of knowledge enable us to analyze new markets and provide the kind of innovative and, when required, unique coverages expected of a leader.

TARGET MARKETS.

  1. Law Firms
  2. Insurance Brokers
  3. Architects
  4. Consulting Engineers
  5. Land Valuers
  6. Accountants
  7. Miscellaneous- Publishers, Claims Adjusters, Electronic Data Processors, Property Managers

UNDERWRITING INFORMATION/REQUIREMENTS.

  1. Completed ALICO professional liability application.

POLICY HIGHLIGHTS.

    • Covers claims made against the insured for alleged or actual wrongful acts, errors or omissions in the rendering of or failure to render professional services
    • Can be extended to cover Employee Dishonesty, Libel & Slander, Loss of Documents and Incoming or Outgoing Partners.
    • Pays legal defense costs and settlements/judgements associated with covered claims