professional liabilityinsurance

Professional liability insurance, also known as errors and omissions insurance, protects your business if a client claims that your services caused them to suffer financial loss. If you own a service-oriented business in Connecticut, it is recommended that you look in to purchasing professional liability coverage to protect your business from mistakes that may cause harm to a client.

Almost all professional liability insurance policies are sold on a "claims-made" basis. The insurance only covers work performed while the policy is in force, and for claims actually filed during the term of the policy. If you cancel your errors and omissions policy (or E&O insurance policy) without arranging for an extended reporting period, your coverage would end, and any claims submitted after the cancellation would not be covered, even though the work was performed while the policy was in effect.

Many business owners have been ruined by lawsuits. If you own a services business in the state of Connecticut, give serious consideration to purchasing professional liability insurance. Petruzelo Insurance has over 40 years experience helping Connecticut business owners assess risks unique to their business and helping them get errors and omissions coverage that is right for their needs.