#4 Arcade Building, Pioneer's Way
P.O. Box F-41480, Freeport , Grand Bahama
Professional Indemnity Insurance
High Saving Potential
Excellent Protection
Easy Claim
Safeguard Your Business with Professional Indemnity Insurance
Professional Liability Insurance is essential for anyone who provides services or advice that could result in a client incurring financial loss. This coverage protects against claims of negligence, errors, or omissions that may occur as part of your professional services.
Why Choose Cornerstone for Professional Insurance?
Comprehensive Coverage
Protects against a wide range of risks, including errors, omissions, and negligence.
Legal Protection:
overage for legal defense costs and settlements.
Reputation Management
Safeguard your professional reputation with trusted coverage.
Tailored Policies:
Customize your coverage to fit your unique professional risks.
Industry-Specific:
Designed for professionals like consultants, healthcare providers, and business owners.
Types of Professional Liability Insurance Coverage
1. Public Liability and Employers Liability
Overview:
Protects businesses from claims arising from injuries or damages to third parties occurring on your premises or due to your business activities.
What’s Covered:
- Legal costs associated with defending claims
- Compensation for injuries or property damage
- Employers' liability coverage for employee injuries
Who It’s For:
Businesses of all sizes looking to protect against public liability risks.
2. Professional Indemnity Insurance
Overview:
Covers professionals for claims made against them for negligence, errors, or omissions in the services they provide.
What’s Covered:
- Legal fees and costs associated with defending claims
- Settlements or judgments for damages
- Protection for a wide range of professional services
Who It’s For:
Consultants, architects, lawyers, and other professionals providing advice or services.
3. Directors & Officers Insurance
Overview:
Provides coverage for the personal liabilities of company directors and officers in the event of claims made against them while performing their duties.
What’s Covered:
- Legal defense costs
- Compensation for claims of mismanagement
- Coverage for wrongful acts, errors, or omissions
Who It’s For:
Directors, officers, and executives of companies.
4. Medical Malpractice Coverage
Overview:
Protects healthcare professionals against claims of negligence or harm caused to patients during the course of treatment.
What’s Covered:
- Legal defense costs
- Settlements and judgments
- Protection against claims of malpractice
Who It’s For:
Doctors, nurses, dentists, and other healthcare professionals.
What to Do in Case of a Liability Claim
1. Document the Incident:
Gather all relevant information, including reports, witness statements, and photographs.
2.Notify Us:
Contact Cornerstone Insurance Agents Ltd. immediately to report the claim.
3. Provide Documentation:
Submit all necessary documents and details about the incident.
4. Consult Legal Counsel:
We will provide guidance and connect you with legal experts if needed.
5.Resolve the Claim:
Our team will work with you to resolve the claim efficiently and protect your business.
Professional Insurance Questions
Professional liability insurance protects professionals against claims of negligence, errors, or omissions in their work.
Professionals like consultants, architects, accountants, and lawyers often need professional liability insurance.
Yes, it covers legal defense costs for claims made against you for negligence or errors.
Yes, medical malpractice insurance is a form of professional liability insurance for healthcare providers.
No, it typically does not cover breach of contract claims unless specifically stated in the policy.
D&O insurance covers personal liabilities of company directors and officers in the event of legal claims made against them.
Some policies may cover defamation claims if they are related to your professional services.
- Coverage amounts depend on the risks associated with your profession and the potential legal costs.
Need help with something else?
No matter where you live or what you drive, we find the policies that are right for you.
Experience peace of mind with Cornerstone Insurance Agents Ltd.
Quick Links
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Support
- #4 Arcade Building Pioneer's Way
- Freeport, Grand Bahama,
- (242) 602-6652 /3
- info@cornerstonebahamas.com