Professional Liability

Professional Liability in the greater Los Angeles area

Mistakes Happen

In today’s litigious society, lawsuits against businesses are not uncommon. As a business owner, you should be prepared to protect the integrity of your company if a mistake or incident turns into a claim.

At Trident Insurance Agency we understand that mistakes happen. That is why we are dedicated to assisting you in the creation of a Professional Liability policy that keeps your day-to-day operations covered should your business be held legally liable.

What Does Professional Liability Cover?

While liability coverage is essential for bodily injury and property damage,Trident Insurance Agency recommends adding Professional Liability Insurance to your business portfolio. It insures the people and/or entities of your business from negligent claims made by third parties, or even internal sources.

From malpractice suits to failure to render a service, Professional Liability can provide a wide variety of options, including:

Errors and Omissions Liability (E & O) – E & O covers any mistakes made by employees who work on behalf of your business, if your business charges fees for your services. It can also include coverage for any mistakes such as failure to perform or violations of contract. Depending on your industry, your insurance needs will vary.

Directors and Officers Liability (D & O) – Safeguarding your business’s Directors and Officers can prevent loss if they are held liable from actions related to their corporate positions. This includes anything from conflicts of interest to mismanagement of company assets and violation of laws.

Fiduciary Liability – Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can safeguard your company if held liable in situations from failure to enroll employees to imprudent investments.

Employment Practices Liability – With proper insurance, your business can be covered if a worker claims that his or her rights have been violated. This includes violations from the Americans with Disabilities Act (ADA) to sexual harassment and discrimination to mismanagement of employee benefit plans and wrongful termination.

Contact a specialist withTrident Insurance Agency today to prevent mistakes and errors from becoming major losses for your business.