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Professional Liability

Mistakes Happen

In today’s litigious society, lawsuits against businesses are common. And as a business owner, you need to be prepared to protect the integrity of your company if an incident or mistake turns into a claim.

At Coughlin Insurance Agency, we understand that mistakes happen. That is why we are committed to helping you create a Professional Liability policy that keeps your day-to-day operations protected should your business be held legally liable.

What Does Professional Liability Cover?

While it is important for your business to have general liability coverage for property damage and bodily injury, Coughlin Insurance Agency recommends adding Professional Liability Insurance to your business portfolio because it insures the people and/or entities of your business from negligent claims made by third parties, or even internal sources.

From failure to render a service to malpractice suits, Professional Liability can provide a wide variety of options, such as:

Errors and Omissions Liability (E & O) – E & O covers any mistakes made by employees who work on behalf of your business, if your business charges fees for your services. It can include coverage for any errors such as failure to perform or violations of contract. Depending on your industry, your insurance needs will vary.

Directors and Officers Liability (D & O) - Having financial protection for your business’ Directors and Officers can prevent loss in the event that they are held liable from actions related to their corporate positions. This can include anything from conflicts of interest to mismanagement of company assets and violation of laws.

Fiduciary Liability - Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.

Employment Practices Liability - With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans, and wrongful termination.

Contact a representative with Coughlin Insurance Agency today to prevent mistakes and errors from becoming major losses for your business.

 

Our Location

Coughlin Insurance Agency

14 Dinley Street
Dracut, MA 01826
Main office: 978-957-3588

Our Providers

I have been a customer with Coughlin Insurance for years. They proactively re-worked my policy upon renewal, saving me money and increasing my coverage. Thank you Coughlin Insurance!
Ed L.
I came in for auto insurance and received a great rate. Then my customer representative told me about Insure A Friend. I received a $10 debit card just to have Coughlin Insurance provide a quote to my friend. It was great.
Jennifer R.
Wow!! No need to go to the registry with Coughlin Insurance! I went into their office to add my new car to my policy, and then to the Registry. Hours of my time, long lines; I hate the Registry. My CSR told me I did not have to go, and in 10 Minutes she processed my registration and gave me a plate on the spot. I was out cruising that afternoon. Now that is service!
David P.
My business was growing, Coughlin Insurance helped me identify my needs, and provided the coverage I needed to grow with confidence. Not only did Coughlin Insurance provide the needed coverage they identified gaps in my policy and gave my business maximum protection at a great rate.
Michael L.
The Coughlin Insurance staff evaluated my needs and created a custom program for me and my family while improving my coverage and saving me hundreds on my policy renewal.
Jim D.
When I got into my accident, I did not know what to do. I called Coughlin Insurance and they worked with me and the insurance company to help me file my claim and get me back on the road. Not only did Coughlin Insurance ensure I had all the coverage I needed, Coughlin Insurance gave me peace of mind they were there for me.
Lisa R.
My business is unique and I was having trouble finding an agency which could meet my needs. Coughlin Insurance has a vast specialty line which handles unique businesses. In no time I was insured at a very reasonable rate.
Srini K.
We were adding our daughter onto our auto policy, Coughlin Insurance took the time to review our policy and identified an Umbrella policy which increased our protection on our house, and cars while reducing our total policy rate even with a new driver. Coughlin Insurance really was looking out for us.
Peter and Nancy W.