Skip to main content
#
Call Today
Professional Liability
Professional liability insurance (PLI), also called professional indemnity insurance (PII), is a form of liability insurance that helps protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. 
 
The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
 
Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by consultants, brokers and lawyers. Other professions that commonly purchase professional liability insurance include: accounting and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other nonprofits/NGOs are also professional-liability insured.

Contact us today to find out how we can help you with your professional liability insurance needs.

Ready to take the next step?
  

Professional Liability Insurance
Quick Quote Request 

    Contact Us

    DeCARL, LEVINE & FRIEDMAN, LLC
    DLF Insurance

    2093 Rand Road
    Des Plaines, IL 60016
    Phone: 847-824-3020

    Office Hours:
    9:00 A.M. to 5:00 P.M. Monday-Friday.
    ​By Appointment only on Saturday & Sunday or evenings. 

    Email Us

     

    DISCLAIMER: **This agency is not licensed to do business in all states. This website should not be construed as a solicitation of any sort in any state other than those in which the agency holds a license and is authorized to do business.

    © DLF Insurance - DeCarl, Levine & Friedman, LLC., 2008-2013 Webmail Login

    Terms & Conditions | Copyright | Privacy Policy | Site Map

    Please note that insurance coverages can not be bound via this website. For assistance please contact the office directly.
    Unauthorized duplication or publication of any materials from this site is expressly prohibited.
    Some content provided With Permission Insurance Information Institute, Inc. ALL RIGHTS RESERVED
    Powered By: Insurance Web Designs Websites For Insurance Agents