Professional liability lawsuits are the source of countless six-figure claims – particularly in the social services and nonprofit realms.
For this reason, professional liability is an essential insurance protection for any service-oriented business.
• You are accused of administering the wrong medication to an elderly patient
• One of your workers is accused of sexually molesting a child
• A resident wanders off and can’t be found
These are very real scenarios for organizations in the social services sector. Even if you aren’t guilty or negligent, it can often require months of litigation and thousands of dollars in legal costs to prove your innocence.
Don’t make the common mistake of assuming that your general liability insurance policy will cover these types of scenarios. In fact, most general liability policies exclude professional liability exposures. Professional liability insurance (also referred to as Errors and Omissions insurance) provides coverage for acts, errors and omissions during the rendering of a professional service.