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Professional Liability Insurance Policies

Let's face it: your clients come to you for your expertise. If they could offer themselves accurate legal or financial advice or build their own software, they would. Because they cannot, they rely on your extensive experience and knowledge in your particular industry to help deliver successful products and decisions for them. They essentially put their businesses in your hands. When you make an inevitable mistake or omit a detail that causes them financial loss, they will look to you to take responsibility. This is where professional liability insurance has you covered.

General liability insurance policies usually only cover personal injuries or property damage for which you or your company are held responsible. Professional liability insurance policies take it a step further by offering coverage for mistakes and errors made by you or someone at your company.

For example, if your end-product doesn't conform to pre-determined, contractual deliverables, you can be held liable for not providing what you said you would. Additionally, if you misrepresented yourself or your capabilities or offered poor advice to clients, a professional liability insurance policy can kick in and offer coverage for any lawsuits against you.

Industry-Specific Professional Liability Insurance Coverage

Depending on the policyholder's industry, more specific professional liability insurance coverage may be available. For example:

  • Medical Malpractice Insurance - policies taken out by doctors, nurses, and other medical professionals

  • Errors & Omissions (E & O) Insurance - policies taken out by legal representatives, financial advisors, real estate brokers, and others who deal with very specific facts and figures and who may therefore be more susceptible to clerical errors

Professional Liability Coverage for IT Companies

Professional liability insurance can be especially important for technology companies, who deal with intellectual property and security issues on a regular basis.


When dealing with often multi-million dollar software, network systems, and other IT products, it is vital to have this coverage, particularly in an ailing economy.

Preferred Alliance Group

5606 Franz Road

Katy, TX 77493

Telephone - 281-392-2332

Fax - 281-391-1369

Email -

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