Professional Services Insurance

Provides coverage in the event of a data breach or cyber-attack that impacts your sensitive client data. This insurance covers costs to notify affected customers and legal fees. It also helps pay for restoring stolen identities.

This insurance helps business leaders focus on their responsibilities without fearing personal financial loss by covering legal fees and damages if they are sued for decisions made while performing their duties. Coverage protects the personal assets of executives and board members from lawsuits related to the organization's decisions. This coverage is especially important in safeguarding against claims of mismanagement, breach of fiduciary duty, or other allegations of wrongful acts made in the course of their corporate governance roles.

Covers medical expenses and lost wages for employees who are injured on the job. This insurance is essential for ensuring that employees receive necessary medical treatment and wage replacement while they recover, promoting a supportive work environment. Additionally, it helps protect your business from potential lawsuits by offering a structured compensation system, thereby fostering a sense of security and trust among your staff.

Covers loss of income during business shutdowns caused by an unexpected insured event, like a natural disaster. It helps pay ongoing expenses, like rent and utilities, during the closure. This keeps your business stable until you can reopen.

Legal fees to defend against a claim, even if the professional is not at fault. These costs can be very high. Having a good defense is important for protecting your reputation and career.

Payments if a court or settlement agreement finds the professional liable for the error. It means paying money because of a decision by a judge or agreement. These costs cover fixing the problem caused by the mistake.

This could be errors made in the provision of services or advice that led to financial loss for the client. This might include incorrect guidance or failure to meet professional standards. Clients can seek compensation if they suffer financial harm as a result.

If the professional fails to deliver services according to a contract or expectation. This can lead to disappointment or a breach of trust. It might also result in financial loss or legal action. Ensuring good communication can help prevent these issues.

When sensitive client data or information is inadvertently disclosed. This can happen if someone shares files by mistake. It might occur if emails are sent to the wrong person. Such breaches can lead to trust issues and damage reputations.