ProSuranceGroup Inc.

Are You Protected Against…

Errors and Omissions as a Professional?

Professional liability insurance protects you against loss from negligent acts or omission, commited while serving your clients. It will defend you and pay for any insured incidents and resulting judgements against you in accordance with the terms and conditions of your policy.

Professional liability is your most critical coverage. It can make the difference between the survival or failure of your business when faced with today’s legal threats.

 

Employee Dishonesty?

A fidelity bond will indemnify you for losses caused by theft or other fraudulent acts committed by your employees, independent contractors or others for which you are legally responsible. Broker-dealers and investment advisers managing ERISA accounts are required to purchase fidelity bonds.

It is important to purchase adequate bond limits. Losses can be staggering and very expensive if uninsured. For an example when a registered representative stole $15 million through his own investment adviser, his broker-dealer was held responsible. Although the broker-dealer had a $250,000 bond, it ultimately had to pay an additional $3 million out of their own pocket to settle the claims.

 

Fiduciary Errors & Omissions?

Fiduciary liability insurance protects ERISA fiduciaries against loss that may arise from their own employee benefit and pension plans. If your firm sponsors a 401(k) or other retirment plan, or provide health insurance or other benefits, you can be sued under ERISA and should purchase fiduciary liability insurance to protect yourself.

 

Personal Liability?

Directors and officers can be held personally liable by stockholders, requlatory agencies and others for their actions. This type of coverage has become critically important in managing a company’s broad business risks and in attracting and retaining qualified directors and officers.

 

Financial Obligations Required By Law?

Federal, state and local governments often require surety bonds to guarantee that business owners and individuals will comply with various laws protecting the public. For example, license & permit bonds guarantee that individuals granted a license or permit to operate a business or to exercise a privilege will meet the obligations under that license or permit. In certain states, these bonds are required for investment advisers and other professionals.

Why ProSurance Group Inc.

Prosurance Group, Inc. is an organization experienced in protecting Financial Service Professionals.


We'll help you through:
  • Innovative policy terms
  • Flexible underwriting
  • Competitive financing
  • Sound financial backing
  • Responsive claims service
Why Do You Need Professional Liability Insurance?
Professional Liability Insurance is your most critical coverage. It protects you against loss from negligent acts of omission or commission while serving your clients. The coverage can make the difference between the survival or failure of your business when faced with today's legal threats.