When you run a company that provides any kind of professional advice or services, professional liability insurance — also known as errors and omissions — is critical to protect yourself and your business. When it comes to this kind of coverage, you need an insurer who has a track record of providing great protection, and AdvisorSmith has compiled a list of the best professional liability insurers of 2022 to help businesses in their search for the right carrier. Professional liability insurance covers those providing professional services from lawsuits arising from work errors or mistakes, failure to do what was promised, uncompleted or undelivered work, actual or alleged negligence, misrepresentation, violation of good faith and fair dealing and inaccurate advice. They not only protect you, but also your employees and independent contractors while they are working for your business. To rate these carriers, AdvisorSmith considered several factors reflecting insurers' financial strengths, customer satisfaction and ease-of-use; including carrier ratings from AM Best and Standard & Poor's, J.D. Power studies, complaint ratings from the National Association of Insurance Commissioners, and an evaluation of each insurer's policies, website features and more. In the slideshow above, we count down the top ten professional liability insurers for 2022, according to AdvisorSmith.
Related:
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.