Professional Liability Overview


NEW! Higher Limits Available!

Professional Liability Insurance for Chemical Engineers

Professional liability insurance is also referred to as Errors & Omissions (E&O) Insurance. This type of coverage will cover claims related to your professional services that may be due to inaccurate advice, analysis, or reports.

 

AVAILABLE POLICY LIMITS 

Minimum Premiums start at:

$899 

$1148 

$1638 

Subject to underwriter review

Claims Amount:

$250,000 per claim

$250,000 annual aggregate

$500,000 per claim

$500,000 annual aggregate

$1,000,000 per claim

$1,000,000 annual aggregate

 

$1,000,000 per claim

$2,000,000 annual aggregate

 

 

  *Higher limits can be offered (up to a total of $5M) via excess liability. Subject to underwriter review and an additional premium.

 

DEDUCTIBLE: $5,000 per claim, with multiple deductible options available

 

POLICY TYPE: Claims Made

 

POLICY COVERAGE:  Professional Liability

 

Other Policy Benefits

Experienced claims attorney: Kissel, Hirsch, Wilmer LLP

Mold buy-back option

Asbestos buy-back option

NEW FOR 2017!


Full Cyber Liability ($500,000 Sub-limit)
Intellectual Property/Patent Infringement Coverage ($50,000 Sub-limit)
Policy limits up to $5,000,000 (additional excess limits available)
Legal Hotline
Pre-claim Preventive Legal Consultations
Consultant Contract Legal Review
True Worldwide Coverage (claims brought anywhere in the world, except Russia & China)

 

Risk Management Services (New)

Legal Hotline: Call  312-431-3497 or email Chemlegal@karballaw.com

Pre-claim Preventive Legal Consultation (Karbal & Cohen Law Firm)

Consultant Contract Legal Review

 

Part-time Coverage Options Available

If you provide independent consulting services on a part-time basis, you may qualify for the part-time coverage option. Minimum premium starts at $350 (annual) for individuals grossing $35,000 or less.

Policy Limit:        $100,000 Limit

Deductible:         $2,500 per claim

*Please note, reference made to any premiums above do not include policy fee or state tax.

 

We also offer Alternative Payment and Financing Options!

Check payment

Online EFT/AHC payment

Financing through a 3rd party

 

This is only a partial, general description of the policy benefits and does not constitute a contract. Policy coverage and benefits are subject to the terms, conditions, and exclusions contained in the policy. The policy will govern if any conflict exists between these highlights and the policy. For complete provisions and exclusions, please refer to the policy itself.