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Wethersfield, Connecticut

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Professional liability insurance (PLI) - also called professional indemnity insurance (PII) and for some professions, errors & omissions (E&O) - is a form of liability insurance that helps protect professional advice-providing and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client as well as damages awarded in a civil lawsuit.

Professional liability insurance may take on different forms and names depending on the profession.

  • For medical professionals, it is called malpractice insurance.
  • For consultants, brokers, and lawyers, it is called errors and omissions (E&O) insurance.
  • Other professions that commonly purchase PLI include: accounting and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport.
  • Some charities and other nonprofits/NGOs may also benefit from PLI.

PLI coverage focuses on alleged failure to perform, financial loss, and error or omission in the service or product sold by you and your company. These potential causes for legal action would not be covered by a general liability insurance policy.

Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution or a wide range of potential liabilities that are not enumerated in the policy, but which may be subject to other forms of insurance. The staff at Olde Liberty Insurance can help you understand the specific ways a PLI policy can help protect your Connecticut business.

Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that you might work with.

Contact Olde Liberty Insurance today to receive a no-obligation, customized quote from some of the most reputable carriers in the state of Connecticut.

CT Business Insurance

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We are committed to accurate quotes for insurance for businesses throughout the state of Connecticut! Submit your information via this online form, and we will follow up, typically within a few business days.
  • Reports will be ordered to properly classify and rate your policy. These reports may include information about your claims and driving history, insurance score, and may include information about current and former members of your household. These reports provide information that may assist in determining your eligibility for insurance and the price you may be charged. Consumer reports may also be used for updates, renewals, or extensions of this insurance. We may also obtain and use a credit-based insurance score. We may use a third party in connection with the development of the insurance score. State privacy laws require that you are notified that personal information may be collected from sources other than yourself. This will include a loss history report showing your personal insurance claims history. Such information, as well as other information collected, may be disclosed in circumstances to third parties without authorization. A right to access and correction exists with respect to all personal information and a written notice will be furnished to you upon request.

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