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Professional Liability

Professional Liability Insurance

Whether you’re the master of numbers, the savvy tax guy that everyone calls on for their personal and professional tax counseling needs or a website designer, liability exists. It is time to protect your small business with a professional liability insurance policy in Colorado. Even though you may be in and out quickly, work from home remotely, or travel between offices, your business has a liability.

Owning a business is a great accomplishment. There are many situations that can be a great source of pride for a business owner: first employee, hitting a major sales goal, getting awards from the community, the list could go on. However, a situation could arise where you could be sued for negligence, personal injury or copyright infringement to name a few. These situations have the potential to be a huge financial drain on your business funds. Having Professional Liability Insurance in Colorado can help protect your business assets and give you some peace of mind.

What does Professional Liability Insurance cover?

  • Negligence (alleged or actual)
  • Cost of Legal Defense
  • Personal Injury (libel, slander, etc.)
  • Copyright Infringement
  • Claims and damages
  • Non-permanent staff
  • And More!

Should yourself or someone associated with your professional services commit libel or slander, fail to deliver your service/product or if the question of copyright infringement pops up, your professional liability insurance may help offset the costs of defending your reputation. Professional liability insurance does have some limitations with coverage. The following situations are not covered under a professional liability insurance policy:

  • Bodily Injury
  • Property Damage
  • Fraud
  • False Advertising
  • Patents and Trade Secrets
  • Employment Issues
  • Customer Identifiable Information

Have questions on Professional Liability insurance? Contact our insurance specialists!

Liability for Professionals

From Accountants to Insurance for IT Professionals we can provide coverage for Errors & Omissions, Data Breach, Technology and many other solutions.  Professional firms require customized coverage designed to protect their business operations for claims of negligence or wrongful acts. At SCIC our team will compare coverage and pricing from multiple companies to determine the best protection and value for your specific needs.

Errors and Omissions (E&O) Insurance

E&O insurance is an insurance form that protects the insured against liability for committing an error or omission in performance of professional duties. Generally, E&O policies are designed to cover financial losses rather than liability for bodily injury and property damage. Need an E&O quote? Contact us!

Director and Officers (D&O) Liability Insurance

D&O liability insurance insures corporate directors and officers against claims, most often by stockholders and employees, alleging financial loss arising from mismanagement. D&O policies contain two coverages: the first reimburses the insured organization when it is legally obligated (typically by corporate charter or state statute) to indemnify corporate directors and officers for their acts; the second provides direct coverage to directors and officers when the organization is not legally obligated to indemnify them. In addition, a third type of coverage, known as entity securities liability insurance is usually available on an optional basis, for additional premium. Such coverage ensures the corporate organization in connection with securities it has issued. D&O forms are written on a claims-made basis, generally contain no explicit duty to defend the insureds, and typically exclude intentional/dishonest acts and bodily injury, and property damage.

Software and IT Insurance

Coverage should be tailored to meet the professional liability insurance needs of the specific firm.  The coverage should offer protection against the exposures to loss including E&O, Security, Intellectual property, data breach, cyber liability and electronic data liability.

We offer professional liability insurance for all kinds of Professionals:

  • Accountants
  • Financial Planners
  • Advertising Agencies
  • Marketing Firms
  • IT Service Providers
  • And many more!

If you think your business could benefit from a liability insurance policy, contact Southern Colorado Insurance Center. We will help you find a plan that is right for your budget and business. 

Southern Colorado Insurance Center offers insurance for insurance professionals in Colorado. We can issue a policy over the phone, so even if you’re not near us, we can easily accommodate your insurance needs. As an independent insurance agent, we offer the best insurance for professionals as we can get you quotes from multiple carriers. The best rates, coverage and counseling available on professional liability insurance in Colorado comes from our office!