Miscellaneous Professional Liability or E&O coverage covers claims made by third parties alleging that the negligent performance of professional services caused financial or other loss to that third party. Any company or firm providing services to third parties in exchange for a fee or other compensation faces possible E&O liability if something goes wrong.
Tipping Point will provide you with expert advise as to the Miscellaneous Professional Liability risks associated with various contract provisions, such as indemnification obligations, you will encounter in customer agreements. The E&O insurance you purchase must be designed to address your specific business and the type of professional services you provide.
A wide range of insurance companies offer Miscellaneous Professional Liability coverage or even more specialized Professional Liability coverage for law firms, accounting firms and architects & engineering firms. Knowing which policy form and coverage is right for you is where Tipping Point can help.