Professional Services Insurance in Texas
You’re the master of numbers, the savvy tax guy that everyone calls on for their personal and professional tax counseling needs. It is time to protect your small empire with a professional liability insurance policy in Texas. Even though you may be in and out quickly, work from home remotely, or travel between offices, your business has a liability.
Heaton Bennett Insurance offers insurance for insurance professionals in Texas from our Austin office. We can issue a policy over the phone, so even if you’re not near us, we can easily accommodate your insurance needs. As an independent insurance agent, we offer the best insurance for professionals as we can get you quotes from multiple carriers. The best rates, coverage and counseling available on professional liability insurance in Texas comes from our office!
Liability for Professionals – From Accountants to Insurance for IT Professionals we can provide coverage for Errors & Omissions, Data Breach, Technology and many other solutions. Professional firms require customized coverage designed to protect their business operations for claims of negligence or wrongful acts. Our office can compare coverage and pricing through multiple companies to determine the best protection for your specific needs.
Errors & Omissions (E&O) coverage is critical for professionals to protect against claims of alleged failure to perform, a financial loss caused by and errors or omissions in the service or product provided by the professional or professional organization. General Liability provides for damages caused by Bodily Injury or Property Damage and excludes professional exposures.
Software and Information Technology coverage should be tailored to meet the professional liability needs of the specific firm. The coverage should offer protection against the exposures to loss including E&O, Security, Intellectual property, data breach, cyber liability and electronic data liability.
We insure all kinds of Professionals:
- Accountants
- Financial Planners
- Advertising Agencies
- Marketing Firms
- IT Service Providers
- And many more!
Like all business owners, you’ve invested a lot into making your business successful. Let the local independent insurance experts at Heaton Bennett Insurance in Austin, TX assist you with protecting your professional business with a Professional Liability Insurance policy that is just right for you. As an independent agent, Heaton Bennett Insurance can search the top commercial carriers for the best policy for your needs and budget. Contact us today.
Frequently Asked Questions
How is professional liability different from general liability insurance?
General liability generally focuses on certain bodily injury and property damage claims. Professional liability addresses certain allegations that advice, errors, omissions, or professional services caused a client financial harm.
Can professional services insurance cover work performed before the policy began?
Coverage for previous work may depend on the policy’s retroactive date, prior-acts provisions, and whether the insured knew about a potential claim. These terms should be reviewed carefully before purchasing coverage.
Are independent contractors covered under a professional services policy?
Independent contractors are not necessarily covered automatically. Texas firms should disclose outsourced services and review contracts, indemnification provisions, and insurance requirements.
Can professional services insurance address a missed deadline?
Professional liability insurance may respond to certain claims alleging that a missed deadline or failure to deliver services caused a client financial harm. Coverage depends on the circumstances and policy language.
When should a potential professional liability claim be reported?
Claims-made policies may require prompt reporting of claims or circumstances that could reasonably lead to one. Policyholders should contact their insurance professional rather than waiting for a lawsuit to be filed.