Professional service firms face liability exposures arising from the advice, recommendations, and specialized services they provide. Veridian Financial helps professionals evaluate these risks and build insurance programs suited to their operations.
Professional Liability Insurance, also called Errors and Omissions Insurance, can cover claims alleging mistakes, negligence, inaccurate advice, or failure to provide professional services as expected. Coverage needs and policy terms vary significantly by profession, making it important to select insurance designed for the services the business actually provides.
Professional liability is only one component of a complete insurance program. Depending on the firm’s operations, employees, property, technology, and client relationships, additional protection may be needed. We evaluate the complete business and help coordinate coverage that addresses both professional and operational exposures.
A consultant is sued by a client who alleges that the consultant’s recommendations caused a financial loss. A professional liability policy may provide coverage for the legal defense and a covered settlement or judgment, subject to the policy’s terms, limits, exclusions, and deductible.