{"id":6003,"date":"2022-03-17T06:00:00","date_gmt":"2022-03-17T12:00:00","guid":{"rendered":"https:\/\/www.noyeshallallen.com\/blog\/?p=6003"},"modified":"2022-03-09T13:36:54","modified_gmt":"2022-03-09T19:36:54","slug":"professional-liability-insurance-do-i-need-it","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/professional-liability-insurance-do-i-need-it\/","title":{"rendered":"Professional Liability Insurance &#8211; Do I Need It?"},"content":{"rendered":"\n<p>Most Maine businesses have general liability insurance. However, if your business provides a service, you should have professional liability insurance (errors and omissions insurance) as well. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Prof-Liab-graphic.png\" alt=\"Professional liability insurance (errors and omissions insurance) protects the assets and reputation of service providers.\" class=\"wp-image-6284\" width=\"753\" height=\"428\" srcset=\"https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Prof-Liab-graphic.png 1004w, https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Prof-Liab-graphic-300x170.png 300w, https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Prof-Liab-graphic-768x436.png 768w\" sizes=\"auto, (max-width: 753px) 100vw, 753px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Professional Liability vs. General Liability Insurance<\/h2>\n\n\n\n<p><strong>General liability<\/strong> <strong>insurance<\/strong> is essential to protect your business assets. It&#8217;s also required to get larger jobs. But every business needs GL, from manufacturers to restaurants, contractors to service providers. <\/p>\n\n\n\n<p>General liability protects against damages and legal defense for:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Injury to people<\/li><li>Damage to property<\/li><li>Product liability <\/li><li>Personal Injury, such as invasion of privacy, slander or libel<\/li><\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Professional liability<\/strong> <strong>insurance<\/strong> is designed for Maine service providers. It&#8217;s sometimes called Errors &amp; Omissions (E&amp;O) insurance, or &#8220;malpractice insurance&#8221;. Although <a href=\"https:\/\/en.wikipedia.org\/wiki\/Professional_liability_insurance\" target=\"_blank\" rel=\"noreferrer noopener\">professional liability insurance<\/a> is required less often than general liability, it can be even more important. <\/p>\n\n\n\n<p>Anyone who sells their expertise needs professional liability insurance. Whether you&#8217;re a tattoo artist, cosmetician, financial service or health care provider, professional liability insurance is for you. <\/p>\n\n\n\n<p>Professional liability insurance protects your assets and your reputation against claims of substandard work. In addition to paying for damages, it also provides defense costs. Some examples of professional liability accusations include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Work errors or omissions<\/li><li>Failure to complete work<\/li><li>Deadline or budget errors<\/li><li>Improper design<\/li><li>Intellectual property infringement<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"500\" src=\"https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Professional-vs-GL-450-X-500-.png\" alt=\"Professional Liability (errors and omissions) is an important addition to general liability for Maine service providers\" class=\"wp-image-6291\" srcset=\"https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Professional-vs-GL-450-X-500-.png 450w, https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Professional-vs-GL-450-X-500--270x300.png 270w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Who Needs Professional Liability &#8211; Maine Examples<\/h2>\n\n\n\n<p>Almost every service provider has a professional liability risk. <\/p>\n\n\n\n<p>Examples include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Medical professionals, including pharmacists<\/li><li>Attorneys and accountants<\/li><li>Real estate and insurance brokers<\/li><li>Drafters, architects and engineers<\/li><li>Consultants of any kind<\/li><li>Hair stylists, tattoo artists, personal trainers and other personal service providers<\/li><li>Advertising and design studios<\/li><li>Web site and marketing services<\/li><li>IT services<\/li><li>Practice managers<\/li><li>Board of directors, including not-for-profits<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Find Professional Liability Insurance in Maine<\/h2>\n\n\n\n<p>If your Maine business provides services, <a href=\"undefined\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.noyeshallallen.com\/contact-us.html\">contact a Noyes Hall &amp; Allen Insurance agent<\/a> in South Portland at <strong>207-799-5541<\/strong>. <\/p>\n\n\n\n<p>Because we\u2019re&nbsp;local and independent, we offer a choice of insurance companies. In other words, we can help you find the best value for your insurance protection. Moreover, we can help protect your assets and reputation.<\/p>\n\n\n\n<p>We\u2019re independent and committed to you.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most Maine businesses have general liability insurance. However, if your business provides a service, you should have professional liability insurance (errors and omissions insurance) as well. Professional Liability vs. General Liability Insurance General liability insurance is essential to protect your business assets. It&#8217;s also required to get larger jobs. But every business needs GL, from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,53],"tags":[32,128],"class_list":["post-6003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-liability-insurance","category-professional-liability-insurance","tag-doing-business-in-maine","tag-professional-liability"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=6003"}],"version-history":[{"count":18,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6003\/revisions"}],"predecessor-version":[{"id":6295,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6003\/revisions\/6295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media\/6291"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=6003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=6003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=6003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}