Why do I need professional liability insurance?

In many cases, environmental consultants are contractually required to purchase professional liability coverage. But when coverage is not mandated by a contract, why should an environmental consultant purchase it?

When environmental professionals provide their services, the law states that they must act in accordance with the professional standard of care. In other words, each environmental professionals must act just as any other would when facing the same situation. If an environmental professionals makes a mistake on the job and is faced with a lawsuit as a result, he or she could face significant defense costs as well as damage awards.

Professional liability coverage allows you to transfer this risk to an insurance company. You pay a premium so that, if a lawsuit is brought against you, the insurance company will not only pay out damage awards on a covered claim, but also pay your defense costs.

Why do I need P&C coverage - like general liability and property coverage?

Property and casualty coverage protects your firm against injury and property damage claims that could seriously impact your business. When you buy both your professional liability and P&C coverage from a single carrier, you can help reduce gaps in your coverage - and cut down on arguments between insurance companies over who pays out a claim.

If you'd like to discuss your specific risks, you might want to talk to an independent agent or broker in your area.

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