Articles

Insure your professional liability

Profile photo of Ing. Luděk Peter, MBA
Ing. Luděk Peter, MBA
08.02.2023

If you are a doctor, lawyer, notary, interpreter, forensic expert, tax advisor, accountant, auditor, insurance broker, architect, IT company, travel agency, or perform any professional work as an employee, you should not forget about professional liability insurance. This will protect you from the obligation to compensate for any damage incurred, of any nature.

Illustration for professional liability insurance

Insure your professional liability

For many professions, there is a requirement to arrange this insurance mandated by law. The insurance covers the insured's obligation to compensate for damage or injury resulting from bodily harm or death, whether arising from the operation of an office or practice, or in connection with their professional activities, including damage to health, property, or financial loss. Excluded are damages caused by natural disasters, war-related events, and cyber risks. Naturally, unlawful acts and criminal offenses are also excluded from coverage.

A common example is a doctor's error or negligence during professional medical practice. In the event of a botched operation leading to permanent health damage or even death, the doctor could face a fine, a ban from practicing medicine, or, in the worst case, criminal charges. For such situations, it is wise to have professional liability insurance in place to cover the resulting damages.

If you need to arrange liability insurance, we are here for you.

Eurovalley – the best insurance solution or nothing!

Author

Profile photo of Ing. Luděk Peter, MBA
Ing. Luděk Peter, MBA
CEO

He has been working in the insurance sector since 1996. He started as a risk engineer for a chemical and technology company. He then began his career at MARSH, progressively advancing to the position of Sales Director for the Czech Republic. Since 2016, he has been with Eurovalley, where he is responsible for business strategy and development.

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