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Circadian Insurance Brokers
P.O. Box 580
Brentwood, CA. 94513
Toll Free: (877) 417-7171
Tel: (925) 417-8500
Fax: (866) 356-4429
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WHAT DOES
PROFESSIONAL LIABILITY INSURANCE COVER/EXCLUDE?
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Generally,
professional liability policies provide coverage for actual or
alleged errors, omissions, negligence, breach of duty,
misleading statements, and similar claims resulting from the
performance—or non-performance—of professional services. Most
policies cover both the defense costs (e.g. attorney fees,
court costs) and settlements or judgments. Intentional
wrongdoing is typically not covered.
If you have a
“claims-made policy” or “prior acts coverage” with a
retroactive date, coverage applies to claims arising from
incidents that occurred prior to the effective date of your
policy, as long as the claims are reported while your policy
is in effect. If you have an “occurrence policy” or “extended
reporting period”, coverage will apply to claims that are
reported after the policy ends, as long as the incident
occurred while the policy was in effect.
Nearly all
professional liability policies vary in terms of their
coverage options. Here are some questions you should consider
during your search for a professional liability policy:
Does your
policy provide coverage for administrative or disciplinary
proceeding brought by a governmental or regulatory body?
What “triggers”
coverage? Does a simple allegation, such as a statement made
by a client, or does an actual written demand have to be
made…or maybe a lawsuit must be filed and served before you
are protected?
If you need to
take time away from your practice or your business for
depositions, trial, etc., are you going to be compensated in
any way for your lost income?
Does the policy
have a deductible? Does it apply to defense costs?
There are no
right or wrong answers to any of these questions, but it is
critical that you know what coverage your premium dollars are
buying. Getting these questions answered should be part of the
insurance buying process, since once you have a claim, it’s
too late to find out what coverage you don’t have. Don’t make
the common mistake of assuming that the policy that is handed
to you is what you need.
Download Applications:
Lawyers
E&O |
Physicians E&O |
Architects &
Engineers E&O |
Accountants E&O |
Misc Application
Circadian Insurance Brokers
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Contact Us Via Email
P.O. Box 580 •
Brentwood, CA. 94513
Toll Free: (877) 417-7171 • Tel: (925) 417-8500
• Fax: (866) 356-4429
California
License #: 0F79348
If you're a licensed
professional looking for professional errors & omissions or
medical malpractice insurance in California, we can help. Our
California insurance agency offers full professional insurance
coverage as well as commercial, life and health, and employee
group plans.
Errors & Omission and
Professional Liability Insurance for: Pleasanton, Los Angeles,
San Diego, San Jose, San Francisco, Long Beach, Fresno,
Sacramento, Oakland, Santa Ana, Anaheim, Bakersfield,
Riverside, Stockton, Chula Vista, Modesto, Fremont, Glendale,
San Bernardino, Huntington Beach, Irvine, Oxnard, Moreno
Valley, Ontario, Rancho Cucamonga, Fontana, Santa Clarita,
Garden Grove, Oceanside, Pomona, Santa Rosa, Corona, Salinas,
Pasadena, Torrance, Lancaster, Hayward, Palmdale, Orange,
Escondido, Fullerton
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