You protect your car, your home, your income…don’t neglect the thing that pays for everything else.
Professional liability, also known as “Errors & Omissions” or “Malpractice Insurance,” is for businesses that provide professional advice and services to individuals and companies. This insurance protects business owners from bearing the full cost to defend themselves against a claim of negligence made by a client, as well as damages awarded in a lawsuit, if found guilty.
How does it work?
You pay the premium, and if you’re sued and lose, the insurance company dispatches an attorney, with a checkbook in hand, to pay damages (up to the limits of your policy). Without this protection, a lawsuit could easily bankrupt your business. Like most insurance, it’s a small price to pay to reduce your risk.
Directors and officers (D&O) liability Insurance provides financial protection for the personal assets of corporate or nonprofit directors and officers in the event they are personally sued by employees, vendors, competitors, investors, customers related to their management of an organization.
Employment practices liability insurance (EPLI) protects employers against claims made by employees alleging discrimination, wrongful termination, harassment and other employment-related issues.
Rey Insurance works with many professional service providers in Sleepy Hollow, Tarrytown and throughout Westchester County, NY to protect their interests. These clients include accountants, attorneys, marketing professionals, consultants, nail salons, beauticians and others. Call us today to talk about how to reduce your risk.