Professional Liability in all localities throughout Virginia, USA
Mistakes Happen
In today's litigious society, lawsuits against businesses are common. And as a business owner, you need to be prepared to protect the integrity of your company if an incident or mistake turns into a claim.
At Galax Insurance, we understand that mistakes happen. That's why we're committed to helping you create a Professional Liability policy that keeps your day-to-day operations protected should your business be held legally liable.
What Does Professional Liability Cover?
While it's important for your business to have general liability coverage for property damage and bodily injury, Galax Insurance recommends adding Professional Liability Insurance to your business portfolio because it insures the people and / or entities of your business from negligent claims made by third-parties or even internal sources.
From failure to render a service to malpractice suits, Professional Liability can provide a wide variety of options, such as:
- Errors and Omissions Liability (E & O). E & O covers any mistakes made by employees who work on behalf of your business, if your business charges fees for your services. It can include coverage for any errors such as failure to perform or violations of contract. Depending on your industry, your insurance needs will vary.
- Directors and Officers Liability (D & O). Having financial protection for your business's Directors and Officers can prevent loss in the event that they are held liable from actions related to their corporate positions. This can include anything from conflicts of interest to mismanagement of company assets and violation of laws.
- Fiduciary Liability. Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act (ERISA). If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.
- Employment Practices Liability. With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans and wrongful termination.
Surprisingly flexible and in-touch with my needs as a small business owner. Can't ask for more.Spencer F.
I feel lucky to have found an agent willing to provide this level of service. No need to look anywhere else !Michelle D.
Over the years we've never once had to worry about our coverage. My husband and I are long-time customers and proud to be.Carol S.
Accommodating, professional, helpful and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.Brad M.
They have strong ties with the community and it shows. It's nice to do business with people that really show they care about you and your family.Susan T.