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Miscellaneous Professional Liability Insurance

Insurance to protect professional service providers from liability lawsuits

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    Specialty liability coverage for small businesses that provide professional services

    Commercial lines insurers can help protect their small business policyholders from claims and lawsuits alleging negligence, errors, or omissions in performing professional services for a fee.

    Miscellaneous Professional Liability Insurance

    In an increasingly competitive and litigious world, businesses that provide services to clients are at risk for professional liability claims. Companies must respond, and the defense costs alone can be financially damaging, especially to small businesses. That’s why professional liability insurance is so important.

    Affordable and easy to add 

    HSB’s miscellaneous professional liability (MPL) insurance provides comprehensive coverage at affordable premiums for small businesses. It can be easily added as an endorsement or coverage part of another underlying policy.

    Comprehensive coverage

    This insurance program covers settlement and defense costs from a wide range of claims and lawsuits that allege negligence, errors and omissions, misstatements, or misleading statements in performing or failing to perform professional services for a fee.

     

    What a loss can cost

    Small businesses that perform professional services are exposed to unique liability risks every day and most don’t have the resources to defend themselves against costly lawsuits. That’s where Miscellaneous Professional Liability (MPL) insurance comes in. The following loss examples help show just how important this protection is. 
    $12,200
    Marketing consultant
    An online retailer with declining sales hires a marketing consultant to offer guidance on how to grow revenue. After the retailer implements the consultant's plan, its sales plummet. The retailer closes and files a lawsuit alleging negligence against the consultant, who incurs costs for defense and settlement.
    $13,310
    Travel agent
    A family hires a travel agent to plan their family reunion. The agent mistakenly books the flights on the wrong day, resulting in rebooking fees. The family demands reimbursement for the error.
    $13,700
    Photographer
    A photographer is hired by an industry trade association to take photos of a convention. The photographer arrives late and later loses the camera and all backup memory. The trade association demands reimbursement for costs and fees paid.

    Why trust HSB for miscellaneous professional liability insurance

    15
    Years
    HSB has been protecting professional service providers from lawsuits for nearly 15 years.
    100+
    Eligible classes
    HSB’s MPL coverage is available to over 100 eligible classes of business.
    A++
    Rated
    HSB is rated A++ (Superior) by A.M. Best Company, the largest credit rating agency in the world specializing in the insurance industry.

    Additional product information

    MPL Claims Scenarios
    Miscellaneous Professional Liability
    PDF, 165 KB

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    Protect your small business policyholders from professional liability lawsuits

    Small business owners who provide professional services face unique risks, such as having their customers claim negligence, misrepresentation, errors, or omissions in the rendering of those services. With Miscellaneous Professional Liability insurance, they can defend themselves against those claims and lawsuits, even if they are groundless.
    Contact us Download Product Sheet