Professional Liability Insurance
Professional liability insurance serves professions for which special education, authorization, or experience is required, or professions where the obligation to compensate for damage or harm is associated with intellectual activity.
PROFESSIONAL LIABILITY INSURANCE
These include doctors, lawyers, notaries, interpreters, court experts, tax advisors, accountants, auditors, insurance brokers, independent claims adjusters, architects, designers, patent attorneys, IT companies, travel agencies, employment agencies, and others.
Professional liability insurance can also be taken out even if not mandated by law. This is often the case for individuals in professions such as accountants, tax advisors, administrative workers, or translators.
WHAT DOES THE INSURANCE COVER?
For many professions, the obligation to arrange this insurance is stipulated by law. The insurance covers the insured's obligation to compensate for damage or harm in case of personal injury or death, arising both during the operation of an office or practice, and in connection with the performance of their professional activity: to health, to property, or financial.
However, professional liability insurance will not protect you against damage resulting from failure to meet a deadline for product or service delivery. Excluded are damages caused by natural disasters, acts of war, and cyber-related risks. Naturally, unlawful acts and criminal offenses are also excluded from the insurance.
If you need to arrange liability insurance, we are here for you. Eurovalley – the best insurance solution, or nothing!
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