Malpractice or Professional Liability Insurance

As a professional in Ohio (Doctor, CPA, Insurance, Financial...

... you may know how disappointing it can be to lack sufficient insurance to cover lawsuits, but have you given serious thought to your professional liability insurance policy? You never know when a client is going to feel like you didn't treat him correctly to the best of your ability, and try to sue you as a result. You might think you have everything covered but this can be one of the costliest errors you can make, if you are wrong. Let's check out an example story to demonstrate just how important the right kind of coverage is.

Ohio Professional Liability Insurance

As a busy professional, you are trusted for your expertise everyday. In fact, your expert opinions and advice are what customers pay you for. Are you protected from the consequences of claims that arise from that advice?

Professional liability insurance is the only way for your practice to mitigate the costs and legal expenses coming from claims of negligence from your customers.

In different professions, it may be known as malpractice insurance or errors and omissions insurance but at the core the concept is the same: to protect you in case of negligence lawsuits from your clients.

Negligence lawsuits focus on the failure to perform based on expectations or a contract, alleged misrepresentation, and other claims. They claim financial loss for the client based on your alleged actions.

Worried about the costs? Professional liability insurance in Ohio gives you a lot of protection for a lot less money than you'd expect.

You might think you are covered with your general liability policy but those more general policies only protect against bodily or property damage and some personal injury claims. You need a professional liability insurance policy to protect your business from potential negligence claims.

Ohio Professional liability insurance is available to professional practitioners such as doctors, lawyers, architects and accountants. This policy is used to protect a business from liability around claims of negligence.

Here are two reasons to get started right now!

  1. Protect your professional practice as soon as you can from devastating negligence claims. Get peace of mind right now.
  2. Get started right away with a no-risk quote. Simply fill out this form and we'll get back to you with a comprehensive and affordable professional liability insurance policy.

Who Should Have Professional Liability Insurance Coverage?

If you are a legal professional you need protection against all kinds of lawsuits against you. As you can see from the example story, even the most frivolous of lawsuits can cost you a great deal to defend in court. Everyone in the practice who comes into contact with clients should be covered. This includes:

  • Secretaries
  • Paralegal workers
  • Administrators
  • Volunteer workers
  • Company attorneys (hired lawyer professional indemnity).
  • Doctors
  • CPA's
  • Financial investment professionals

What is Included in a Typical Professional Liability Insurance Policy?

Your liability insurance should cover a wide range of issues. This can also include data breach liability insurance, because if personal information of your clients fell into the wrong hands, it could result in significant damages. Your insurance can cover data stolen from office computers, laptops, tablet computers, and smart phones.

Liability should also extend to the World Wide Web as attack from cyber thieves is a real possibility these days. This can result in lawsuits and many different fees for things like media reporting and reputation management.

What Insurance Options are Available?

Coverage options depend on the type of type of law you cover and the size of the practice. Here are some insurance options you may need to consider:

  • Prior acts
  • Retroactive dates
  • D&O - also called directors and officer's liability insurance. It covers corporate officers' actions resulting in damage and legal claims, including intentional acts and misconduct.
  • Inside the limits defense
  • Outside the limits defense
  • Step rating for premiums
  • Lateral hire - covers prior acts of lawyers after they join your practice
  • Extending liability limits
  • Deductible options - can include per claim, annual aggregate, or loss only
  • Extended reporting periods
  • Innocent partner insurance

Getting the Right Kind of Professional Liability Insurance

As you can see, there are many issues to consider when it comes to professional indemnity coverage and when you have a trained and experienced insurance professional on your side, you can be sure that all risk factors are covered. The R.C. Cook Insurance Agency has been in Ohio for over 50 years and we are independent agents providing clients with many different insurance options. This is possible because we are not the branch office of an insurer. We represent you and your interests.

When you come to The R.C. Cook Insurance Agency you enjoy several benefits, such as:

  • 24/7 dedicated claims support
  • Loss prevention hotline
  • Risk management website access
  • Complimentary risk management service
  • Wide range of deductibles, coverage options, and limits
  • Nationwide coverage

The R.C. Cook Insurance Agency is a full service agency and we are here to serve all your insurance needs. Click here to receive a free online quote on your attorney professional liability insurance. You may also call (330) 296-3628 for additional information.

Worried about the cost?

Our Company specializes in covering local businesses, and business owners like you. We have everything you’ll need right here, including:

  • Monthly payment options to help spread out your payments so you can better manage your your cash flow
  • Coverage of staff, full-time employees, and independent contractors
  • Claims responsiveness when time is of the essence, especially in the event of an insurance claim
  • Tailored coverage for the specific risks of your field and industry
  • Knowledgeable agents who provide exceptional, passionate service
  • Fast and simple online quotes and immediate coverage

Why We're Different

You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…

While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.

There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.

Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.