AXIS INSURANCE SERVICES, LLC: The Professional Liability Errors & Omissions Insurance Specialists
Professional Liability insurance, also known as Errors and Omissions (E&O) insurance, is designed to protect your firm against claims that arise from providing or failing to provide professional services. Depending on your profession, this could mean anything from a conflict of interest that caused financial damage to a client, design flaws that resulted in project delays and loss of tenant revenue, and inadequate coverage or policy limits that negatively affected the resolution of a claim, among many other situations.
Made-to-Measure E&O Solutions for Your Profession
Axis Insurance Services, LLC focuses on providing Professional Liability insurance solutions to a diverse clientele that, without this must-have coverage, would find themselves paying out of pocket to defend lawsuits (even those without merit) and potential damages if found legally responsible. Our experience and strong relationships with many leading insurance carriers enable us to provide a competitively priced E&O policy that reflects a company’s industry, size, state, loss history, and specific business practices. This is important for professionals to note: Many E&O policies are issued on a Miscellaneous Professional Liability (MPL) form and require significant changes to address a firm’s actual risk profile. Without these changes, many policies are simply inadequate. They do not cover the day-to-day risks to which your business may be exposed.
For example, common exclusions in an MPL form include medical management, accounting or actuarial services, and merger and acquisition services. A medical group with a policy that contains a medical management exclusion would not be covered for the actual day-to-day activities of the firm. These gaps in coverage tend to go unnoticed, until there’s an actual claim.
With Axis Insurance Services, LLC, we take the form out of the box and create a custom policy to meet your needs. It’s our job to analyze your company’s policy, uncover gaps, and then provide a solution customized for your business.
Professions We Support with Custom Coverage
We offer E&O products to almost any industry. We also specialize in certain professions, specifically:
- Real Estate
- Architects & Engineers
- Financial Institutions
- Miscellaneous Services
Check out our Miscellaneous Professional Liability Classes of Business.
Access Additional E&O Information
We have made available information to help you understand the importance of Professional Liability insurance: