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Professional Liability
Professional Liability (E & O)
Three Ways to incur Liability:
-Breach-Violation of a right, a duty, or law, either by an act of
commission or by non-fulfillment of an obligation
-Fraud-Intentional deceitful practice aimed at depriving another person
of his rights or doing hi injury in some respect
-Negligence- Practice that is below the appropriate standard of care.
Professional Liability is used to insure against claims arising from
negligent acts, errors or omissions in the rendering or failing to
render specified professional service or advice..
Directors & Officers Liability (D & O)
This insurance is used to insure against claims for negligent acts,
errors or omissions alleged to have been committed by present or former
directors or officers. Directors &Officers Liability Insurance was
originally used primarily by financial intuitions for protection
against
specific wrongful acts. Over the years Directors &
Officers
Liability
or D&O insurance has come to be a necessity not only for financial
institutions, but all companies whose Directors and Officers may face
potential Liability for acts committed in an official capacity
Umbrella Policy
Some people mistakenly believe that personal liability insurance is
necessary only if you are wealthy or if you are reckless. But accidents
can happen anywhere, to anyone.
You might hit a bicycle messenger, your son might hit a baseball
through
a church window, or a delivery person might slip on your icy porch. No
matter how careful you are, you may one day be sued because you injure
someone or damage someone's property.
Liability insurance protects your assets in the event that you (or a
member of your household) accidentally injure another person or damage
someone's property. Standard homeowners insurance, renters insurance,
auto insurance, and even some boat insurance policies provide a degree
of protection against certain types of personal liability. Personal
umbrella liability insurance supplements the basic liability coverage
provided by your other insurance--it's designed to kick in when your
other liability coverage is completed.
lease contact
us directly for a quote and information:
info@probityins.com
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