Professional Liability Insurance
Professional Liability Insurance
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Access your policyWhat is professional liability insurance?
Professional liability insurance is a type of business insurance that provides coverage for professionals and businesses to protect against claims of negligence from clients or customers. Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more. Claims covered by a professional liability policy can include damages caused by things you did and/or things that you should have done.
How does professional liability insurance work?
Although many types of businesses can be helped with professional liability insurance coverage, let's look at a few real life examples. Let's say you're a project manager. You accidentally forget to get to tell your client about needed sign offs causing project delays that increase the cost. Or maybe you're a massage therapist and your client sues you, claiming you caused tissue damage. These are just a few of the cases that professional liability insurance could help you with. Many people often pair it with general liability insurance for more complete coverage.
- A professional service
- Regular professional advice to clients
- Contractual service to your clients
How much does professional liability insurance cost?
Every business' needs are different. A lot of things impact how much your premium will be. We're ready to work with you to get the coverage you need at a great price. See how much you could save on professional liability insurance through GEICO today.
Why do I need professional liability insurance (PLI)?
Some jobs and contracts require PLI. Beyond that, mistakes happen. Make sure that you and your business are protected with the right professional liability coverage.
What does a professional liability insurance policy cover?
Common items covered by professional liability insurance are:
Mistakes Or Negligence
Services provided (or not provided) by your company that result in client damages.
Copyright Infringement
Copyright law issues, mistakes, oversights, and misunderstandings.
Personal Injury
Claims for libel or slander, whether they're true or not.
What else is covered under professional liability insurance?
Previously Performed Services
This is protection for current and previous work completed (for an agreed upon timeframe).
This timeframe is important to consider as things outside of this timeframe would not be covered.
Defense Costs
Legal defense costs associated with lawsuits against your company (regardless of fault).
Temporary Staff and Independent Contractors
Work performed by your employees, including temporary staff and independent contractors.
What type of business can be covered by professional liability (or E&O) insurance?
Whether you own small business, a growing one, large company, or starting a new business, we could help you save on your professional liability insurance. Business examples include:
- Beauticians/Salon Services
- Career/Business Trainers & Coaches
- Family/Mental Health Counselors
- Management/Business Consultants
- Occupational Therapists
- Personal Trainers
- Photographers
- Real Estate/Property Managers
- IT Consultants
- And more...
Do you need other business liability insurance coverage? GEICO can help.
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This 2-in-1 policy includes general liability plus protection for your property.
Example: A fire damages your office. A BOP could cover repairs to your office and help pay your employees' wages while business is interrupted.
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We often recommend general liability insurance to go with professional liability.
Example: A client slips, falls, and injures their back at your place of business. General liability could cover their medical bills.
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A personal auto policy is not enough to cover vehicles used for business. Commercial auto insurance can:
- Cover business uses that personal auto policies don't include
- Offer more liability coverage to protect you
- Includes cars, pickup trucks, box trucks, and more
Example: On a job site, a carpenter accidentally backs into the homeowner's car. Commercial auto insurance could cover the damage.
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Protects businesses from losses from computer-related attacks, such as malware, phishing, ransomware, or if a laptop with confidential information on it is stolen.
Need to speak with us about professional liability insurance?
You can reach us at (800) 841-1621
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Professional liability insurance: Get the answers you're looking for.
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Do I need professional liability insurance?
Yes, you may need professional liability insurance since professional services aren't usually covered by general liability insurance. -
What is E&O insurance?
Errors and omissions insurance is another name for professional liability insurance. It can help protect business professionals from claims of mistakes in providing their professional services. -
What business insurance do I need?
Whether you're a small business just getting started or looking for better insurance rates, GEICO can help. Answer a few short questions about your business so we can help narrow down the search for what business insurance you may need.
Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
Professional Liability Insurance coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, LLC. We can help you secure business insurance in all states except Hawaii.
The information you provide will be shared with our business partners so that they can return a quote.
For online quotes:
GEICO Insurance Agency, LLC has partnered with Hiscox Insurance to provide business insurance products. When you click on “START QUOTE,” and, “professional liability insurance policy online,” you will be taken to the Hiscox website, which is not owned or controlled by GEICO.
GEICO has no control over the privacy practices of Hiscox and assumes no responsibility in connection with your use of their website. Any information that you directly provide to Hiscox is subject to the privacy policy posted on their website. All business products offered are written on an admitted basis (Hiscox Insurance Co., Inc.) with A.M. Best credit rating of 'A' (Excellent) and financial size XI.