Professional Liability Insurance Naperville
Professional liability insurance in Naperville is used by professionals to protect their reputation and investment from the dangers of malpractice and negligence while performing their responsibilities to their clients. Negligence, errors and omissions committed by professionals can mar their good names. There is only one solution to that, have a professional liability insurance in Naperville that will take the responsibilities when complaints are hurled against you. Unlike the policies of general liability insurance, the professional liability insurance offers wide coverage for claims made during a certain period.
Coverage of Professional Liability Insurance in Naperville
Professional liability insurance Naperville is an insurance policy that serves licensed and traditional practitioners from claims due to negligence while offering their professional services. It also protects quasi-professionals working as real estate agents, coordinators and consultants. Here are the coverage for professional liability insurance Naperville. Read on:
- It covers financial losses incurred by the third party as a settlement.
- It covers liability suffered as a consequence of errors or omission during the performance of services by consultants and brokers.
- It covers legal representation and litigation costs.
Usually the Naperville professional liability insurance policies are created on claims made basis. Under this set up, what is covered are claims filed within the policy period. Excluded under this policy are occurrences before the policy coverage takes effect. Look for a policy that honors retroactive dates to get you covered in case an incident occurs before it becomes active.
Who Can Purchase Professional Liability Insurance in Naperville
Professional liability insurance Naperville covers different types of professions namely:
- Financial professionals such as public accountants and finance specialists.
- Quasi-professionals such as consultants, brokers and agents.
- Engineering and construction professionals.
- Those working in charitable and non-profit organizations.
- Medical practitioners
Your profession is the source of your bread and butter. Claims filed by your clients may affect your finances if indemnity will be awarded to them. If you have an existing Naperville professional liability insurance policy, you should continue paying your premium while still active in your chosen profession as incidents may happen while you are rendering your professional services.
Why not contact our agents? Call us today (630) 947-7980! and we are going to offer you a free professional liability insurance quote in Naperville!