"Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, protects businesses against claims arising from professional services, advice, or expertise provided to clients. This coverage addresses the unique risks faced by service-based businesses where the primary exposure stems from the knowledge, recommendations, or professional judgment delivered to customers.
The insurance typically covers legal defense costs, settlements, and judgments related to alleged errors, omissions, negligent acts, or failure to deliver promised services. Coverage often includes protection against claims of inadequate work, missed deadlines, failure to meet professional standards, and breach of contract related to professional services.
At KAMFS Inc., we work extensively with professional service providers who face these specialized risks daily. The coverage becomes essential because general liability insurance typically excludes claims related to professional services, leaving businesses exposed to potentially significant financial consequences from client dissatisfaction or perceived professional shortcomings.
This insurance proves particularly valuable for consultants, technology professionals, healthcare providers, legal and accounting firms, insurance agents, real estate professionals, and any business where client relationships depend on professional expertise or advice. We help these businesses evaluate their specific professional exposures and secure coverage that addresses both industry-standard risks and unique operational considerations."
"Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, protects businesses against claims arising from professional services, advice, or expertise provided to clients. This coverage addresses the unique risks faced by service-based businesses where the primary exposure stems from the knowledge, recommendations, or professional judgment delivered to customers.
The insurance typically covers legal defense costs, settlements, and judgments related to alleged errors, omissions, negligent acts, or failure to deliver promised services. Coverage often includes protection against claims of inadequate work, missed deadlines, failure to meet professional standards, and breach of contract related to professional services.
At KAMFS Inc., we work extensively with professional service providers who face these specialized risks daily. The coverage becomes essential because general liability insurance typically excludes claims related to professional services, leaving businesses exposed to potentially significant financial consequences from client dissatisfaction or perceived professional shortcomings.
This insurance proves particularly valuable for consultants, technology professionals, healthcare providers, legal and accounting firms, insurance agents, real estate professionals, and any business where client relationships depend on professional expertise or advice. We help these businesses evaluate their specific professional exposures and secure coverage that addresses both industry-standard risks and unique operational considerations."