Protecting your Professional Reputation
You are an expert in your field, but you are also human. Professional Liability insurance protects your career and reputation when a client claims your advice caused them a financial loss.
Because a Handshake Doesn’t Stop a Lawsuit.
General Liability protects you if a client trips over your rug. Professional Liability (PL) protects you if a client claims your work was flawed.
In today’s consulting and service economy, clients are quick to sue if a project goes over budget, a deadline is missed, or an investment fails.
The Scary Part: You can be sued even if you did everything right. Defending a frivolous negligence claim can cost $50,000+ in legal fees.
At Novel Insurance, we structure policies that pay for your defense from day one, so you don't have to bankrupt your business to prove your innocence.
Our Coverage Menu
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For Consultants & Creatives. The standard protection for anyone who gives advice or provides a service for a fee.
Who needs it: Real Estate Agents, IT Consultants, Marketing Agencies, Interior Designers.
Covers: Missed deadlines, factual errors, breach of contract, and "failure to deliver."
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For Healthcare Providers. Protecting those who heal. In Florida, carrying Malpractice is critical due to the high volume of litigation.
Who needs it: Doctors, Nurses, Chiropractors, Med Spas, and Physical Therapists.
Covers: Bodily injury resulting from negligence or errors in treatment.
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For Decision Makers. If you sit on a board (for profit or non-profit), your personal assets are at risk for the decisions you make.
Who needs it: Board Members, HOA Presidents, C-Suite Executives.
Covers: Mismanagement of funds, breach of fiduciary duty, and regulatory investigations.
How We Review Your Policy
Professional Liability is the most technical policy you will buy. We check the "dates and dollars" to ensure you aren't exposed:
Claims-Made vs. Occurrence: Most PL policies are "Claims-Made." This means you must have the policy active both when the error happened AND when you are sued. We ensure your "Retroactive Date" is preserved so you don't lose coverage for past work.
Defense Outside the Limits: If you have a $1M limit and spend $200k on lawyers, do you have $1M left for the settlement or only $800k? We fight for "Defense Outside the Limits" to keep your protection full.
Consent to Settle: Some carriers force you to settle a claim to save them money, even if you want to fight to clear your name. We look for the "Right to Consent" clause that puts you in control.
Frequently Asked Questions
Still have questions? Take a look at the FAQ or contact us anytime.
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A: Yes. A contract is just a piece of paper until a judge upholds it. Clients can sue you for "Gross Negligence" (which often overrides contract waivers). Your insurance pays for the lawyers to enforce that contract in court.
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A: If you retire or close your business, you can still be sued for work you did years ago. "Tail Coverage" (Extended Reporting Period) allows you to report claims in the future for past work. We help you negotiate this when you exit your business.
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A: Generally, no. While some E&O policies have a tiny "Cyber" endorsement, it is rarely enough. If you are a tech consultant or store patient data, you need a standalone Cyber Liability policy.
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A: No. Insurance covers damages (money the client lost because of you). It does not cover restitution (giving back your fees because they didn't like the work). That is a business risk, not an insurable risk.
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A: Rarely. Most master contracts specifically require sub-contractors to carry their own E&O insurance. If you don't have it, the main company's insurer will likely sue you (subrogation) if a claim occurs.