Get Unmatched Coverage Professional Liability Insurance E&O Quote
Real-World Examples and Statistics
In 2022, the American Bar Association reported that legal malpractice claims had risen significantly, with an average payout of $50,000 per claim2. This trend highlights the growing need for comprehensive E&O coverage across various professions. Furthermore, a survey by the International Risk Management Institute found that 30% of small businesses faced a professional liability claim in the past three years, underscoring the importance of having adequate insurance3.
Securing unmatched coverage through Professional Liability Insurance (E&O) is a critical step in protecting your professional future. By understanding the benefits and nuances of E&O insurance, you can make informed decisions that safeguard your business from potential legal challenges. Take proactive measures today to explore options and ensure your peace of mind.