Professional Liability Insurance in Lauderdale Lakes, FL
Professional liability insurance may help cover the costs of claims that arise from mistakes, negligence or inadequate services provided to clients. This type of coverage is often referred to as errors and omissions insurance and can be an essential financial safeguard for businesses and professionals who provide advice or services.
Who Needs Professional Liability Insurance? 
Many professionals, including accountants, architects, consultants, engineers and healthcare providers, may benefit from professional liability insurance. Service-based businesses, such as marketing firms and IT contractors, may also face risks tied to client expectations and project outcomes. If a client claims that your work caused financial loss, professional liability insurance may step in to handle legal costs and settlements.
What Does My Policy Cover?
Professional liability policies tend to vary in details, but they usually have common areas of coverage. Standard policies may cover:
- Attorney fees, court expenses and other legal defense costs
- Settlements or judgments if you are found liable
- Claims of negligence related to your work
- Errors or omissions in the services you provide
- Misrepresentation or inaccurate advice
Coverage may extend to incidents that occur during the course of business, but it is important to review your policy for specific details and limits.
Is Professional Liability Insurance Required in Florida?
Florida law does not require professional liability insurance for most businesses, but certain industries and licensing boards may mandate coverage. For example, some healthcare professionals, lawyers and contractors may need to carry it to meet state regulations or client contract requirements. Still, many professionals opt to carry this coverage to help manage their financial risks.
Connect With Us
Pride Insurance can guide you through professional liability insurance options and recommend suitable coverage. Contact our team today to learn more.