The Lombardo Insurance Agency Inc.

Accuracy is the foundation of everything else

2096-B Silas Deane Hwy
Rocky Hill, CT 06067

Phone: 860-236-6064

Archive for the ‘Professional Liability’ Category

General Liability / Professional Liability, Technology companies

Thursday, April 18th, 2013

Do you understand the difference between GL and Professional Liability. Will your insurance policy respond to denial of service?, Disruption of service? Identity theft or unlawful access to non-public personal information? If you cannot answer these questions, your company may be at risk. Read more. Fail Safe this is The Hartford insurance groups answer to these coverages.

Lawyers Professional Liability Error and Omissions

Tuesday, August 21st, 2012

Lawyers Professional

 

Do I really need professional liability insurance?

Approximately 6% of all attorneys in the U.S. are likely to face an allegation of professional liability in any given year. Claims activity against attorneys has steadily increased in each of the past two decades, with no reason to believe the pattern will end. Lawyers in all parts of the country, all size firms, and all areas of practice are at risk every year.

Dealing with a professional liability claim can be expensive. Even if a lawyer is ultimately cleared, the money spent on defense, not to mention the hours of time devoted to addressing the claim and the anxiety the situation can bring, can be a very costly proposition. Professional liability insurance helps to ease that burden both by sharing some of the monetary risk and by assuming much of the responsibility for responding to and defending against that claim. Professional liability insurance can also help protect your clients against significant losses, by helping lawyers meet their obligations to protect their clients’ interests even in the worst of circumstances.

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