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In the world of professional services, even the most skilled experts can face claims of negligence, errors, or omissions. Protecting your reputation and financial stability is crucial. Professional liability insurance from Titan Risk provides specialized coverage designed to shield your business from the legal and financial consequences of these claims. Whether you're a consultant, lawyer, accountant, or healthcare provider, our professional liability insurance ensures that you are protected against lawsuits and the associated costs that can arise from your professional advice or services.
At Titan Risk, we recognize that every profession comes with its own unique risks. That’s why our professional liability solutions are tailored to meet the specific needs of your industry, offering you peace of mind and allowing you to focus on what you do best. With Titan Risk, you can operate with confidence, knowing that your practice is protected against potential claims.
Titan Risk is dedicated to providing comprehensive professional liability insurance solutions that protect your business from claims related to professional errors or omissions. Our focus on tailored coverage and exceptional service ensures that your professional reputation and financial stability are safeguarded. Here are the key features of our professional liability insurance:
Professional liability insurance, also known as errors and omissions (E&O) insurance, protects businesses and professionals against claims of negligence, errors, or omissions in the services they provide. It covers legal defense costs, settlements, and judgments if a client alleges that your professional services caused them financial harm.
If your business provides professional services, advice, or expertise to clients, professional liability insurance is essential. It protects you from the financial impact of lawsuits alleging mistakes or negligence in your work, which could otherwise be costly and damaging to your business’s reputation.
Insurance companies determine your professional liability premiums based on several factors, including the type of services you provide, the size of your business, your industry’s risk level, your claims history, and the coverage limits you choose. Higher risk professions and those with a history of claims may face higher premiums.
Industries that commonly need professional liability insurance include legal, medical, financial services, consulting, real estate, architecture, engineering, and technology. Any business that provides specialized advice or services to clients should consider this coverage.
Common claims under professional liability insurance include allegations of misrepresentation, negligence, inaccurate advice, failure to deliver services as promised, and errors or omissions in the work provided. These claims often arise when a client believes that your professional services caused them financial loss.
Whether independent contractors are covered under your professional liability policy depends on the specific terms of your policy. Some policies may include coverage for contractors if they are working on behalf of your business, while others may require separate coverage. It’s important to review your policy details with your insurance provider.
Titan Risk provides professional liability insurance for a wide range of industries, including healthcare, legal, financial services, technology, consulting, real estate, and more. We offer tailored coverage solutions to meet the unique risks of each profession.
Claims-made and occurrence forms are two types of professional liability insurance coverage. A claims-made policy provides coverage if the claim is made during the policy period, regardless of when the incident occurred. An occurrence policy covers claims for incidents that occur during the policy period, even if the claim is filed after the policy has expired.
A retroactive date is a key feature in a claims-made policy that specifies the earliest date an incident can occur and still be covered by the policy. Claims arising from incidents that occurred before the retroactive date are not covered, making it important to maintain continuous coverage to avoid gaps.
To move your professional liability insurance to Titan Risk while staying with your current carrier, contact us and we’ll assist you through the process. You’ll need to sign an Agent of Record (AOR) letter, which authorizes Titan Risk to become your new representative. We’ll submit the AOR letter to your carrier, who will then update their records to reflect the change.
If you have a professional liability claim, contact Titan Risk immediately. We’ll guide you through the claims process, helping you file the claim with your insurance carrier and ensuring that it’s handled efficiently to minimize any impact on your business.
Titan Risk offers a comprehensive range of commercial Property and Casualty (P&C) insurance products designed to protect your business from a variety of risks. Whether you need coverage for your property, liability protection, or specialized policies tailored to your industry, Titan Risk has you covered.
Here’s a list of the key P&C insurance products you can purchase from Titan Risk:
