Who in Massachusetts is Professional Liability Coverage Right For?
Almost anyone who works in a professional capacity may benefit from having professional liability coverage, for any professional in Massachusetts could make a mistake and be sued over it. The following is only a sampling of the many different professionals who might want coverage:
- Medical professionals, including physicians, nurses and paramedics
- Legal professionals, including attorneys and paralegals
- Real estate professionals, including real estate brokers and agents
- Insurance professionals, including insurance brokers and agents
- Financial professionals, including investment advisors and accountants
- Construction professionals, including architects, engineers and builders
Tradespeople, such as plumbers, carpenters, electricians and landscapers, may also want coverage for situations where they provide advice to customers. Even though tradespeople typically don’t earn their income primarily by providing advice, they might still be held liable if they make incorrect or poor recommendations.
What is a Medical Malpractice Policy?
Medical malpractice policies are professional liability policies designed to meet the risk mitigation needs of various medical professionals. Physicians typically are required to have a medical malpractice policy in place, but they can often also be used to insure other medical professionals who provide lower levels of care.
What is a Legal Malpractice Policy?
Much like medical malpractice policies are designed for medical professionals, legal malpractice policies are intended for legal professionals. They may insure law firms, attorneys or paralegals.
What is an Errors and Omissions Policy?
Errors and omissions policies are commonly referred to as “E&O” policies. These tend to be for professionals who primarily offer advice, and they’re widely used by brokers, agents and advisors in various fields. These also are normally the most appropriate professional liability option for tradespeople.