PROFESSIONAL LIABILITY INSURANCE*

AKA Errors and Omissions Insurance(E&O) – “…a form of liability insurance which helps protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.” – Wikipedia
Basically, it protects businesses when they make errors in their specific, specialized day-to-day business practices, effecting a third party/customer.

PROTECTS BUSINESSES AGAINST LAWSUITS FILED BY AN OUTSIDE/THIRD-PARTY FOR:
- Day-to-day work mistakes– If an employee makes a serious mistake and it ends up costing a customer, client time, or money for the company.
- Un-delivered/Under-delivered service – A missed deadline costing customer time/money or a business over-promises and under-delivers.
- Negligence – The service provided does not meet the industry norms.
COSTS OF A CLAIM - Lawyers' fees, court costs, settlements, judgments, etc.

BUSINESSES NEED AND USE IT- Although not required by law, over 20% of small businesses have needed to use their Professional Liability policy at least once.
LAWSUITS ARE NOT CHEAP - **Average cost of a lawsuit is estimated to be between $4K - $200K or more.

A BROAD SERVICES OFFERING – With a comprehensive approach toward the clients’ liability insurance, ART Risk takes the burden off the business having to manage multiple insurers/policies, letting them focus on what matters most… day-to-day business.
EXPERTISE– ART Risk’s knowledge to ensure valued clients are properly covered with a catered policy is the company’s highest priority.
STABLE OF INSURERS– ART Risk Financial & Insurance Solutions, Inc. obtains multiple quotes to ensure clients are properly covered and competitively priced.
QUICK TURNAROUND– Depending on the need, a quote can be provided in 48 hours after receiving all information requested and applications, giving clients the ability to choose and bind coverage within 72 hours of starting the process.

1-661-257-6242