Portal/LARS

What is Professional Liability and Why it is Important

Growing Trends

26 Oct What is Professional Liability and Why it is Important

Posted at 22:31h in Artisan Contractors, Coverage, Lane & Associates, LARS by
0 Likes
Growing Trends

Professional liability insurance, also known as errors and omissions insurance (E&O insurance) or indemnity insurance, covers negligence as it pertains to the services a business provides. 

Professional liability insurance is especially important for businesses that provide a professional service or regularly give advice to clients. Even the most experienced professionals make mistakes and as a business owner, it is important to protect yourself from the risks you face in providing professional services. 

For instance, if a client is unsatisfied because of a missed deadline, omission, or ineffective services or advice, the client may take legal action. When served this type of lawsuit, a professional service liability insurance policy will cover legal defense costs up to the policy limit, as well as any settlement or judgment rendered. 

Not all professional liability insurance policies are the same. Coverage can vary based on several factors including the size of the business, the industry and location. 

At Lane & Associates, we offer tailored professional liability with primary and excess capacity up to $10 million with minimum premiums starting at $500 for more than 100 target professional classes. Along with standalone professional liability, we also offer professional packages that seamlessly blend professional liability and general liability into one, simple policy. In many cases, they include additional coverages for hired and non-owned auto, business interruption, breach of contract and more. 

Protect your business from unsatisfied customers and Bind with Lane!

Karen Bivona is a Lane & Associates underwriter! She underwrites, quotes and services general liability accounts for contractor risks, including our online Artisan Contractor General Liability Program. She has worked with the company for more than 35 years.

Jonathan Whitaker is a Lane & Associates underwriter. One of his favorite parts about his job is the relationships and friendships he's able to extend beyond work. He enjoys golf, traveling, Saints football and spending time with his family.

Marie Hohensee is Lane & Associates Vice President of Commercial Underwriting and assists the commercial underwriters in making sound and profitable decisions in placing business for our customers, as well as underwriting her own book of business. She’s originally from California but has called Louisiana her home for more than 25 years and has been working in insurance for more than 30 years!

Brandy Lane is an Underwriting Assistant at Lane & Associates. Brandy's favorite part of her job is helping the underwriters so we can promptly get things to our agents! Brandy's hobbies include spending time with her friends, trying new restaurants and seeing live music.

Scott Landry is the president of Lane & Associates, an advocate of continuing education and has his CPCU, ASLI, AIS, AU, and AIDA. Scott is active in the insurance community, serving on Commissioner Donelon's Surplus Lines Insurance Advisory Council, The Louisiana Property and Casualty Insurance Commission and the Louisiana Surplus Lines Association. Some of Scott's hobbies include gardening and exercising.

Casey Lane is a Lane & Associates underwriter. His favorite part of his job is building relationships with the agents he serves. When he's not at Lane, Casey enjoys Saint's football, music and watching his four children's sporting events.

Chris Weego is a Lane & Associates underwriter. His favorite thing about working at Lane are his coworkers and the amazing agents he gets to work with. When he's not working, Chris enjoys playing golf, watching his kids play sports and cheering on the Chicago Cubs!

Don Lundy is a Lane & Associates Texas underwriter. Recently, he completed his CPCU designation after 15 years of off-and-on classes. When he's not working, Don enjoys photography, Star Wars, the Atlanta Braves and watching his son bowl.