5 Things Not Covered by Professional Liability Insurance

​Professional liability insurance may deal with lawsuits concerning work and professional mistakes. However, there are some things that it can’t cover. You should learn these things so that you can avoid doing them. In case you do these, you can’t rely on professional liability insurance.

Intentional Wrongdoing
You can protect your business and professional reputation with professional liability coverage. However, if you knowingly and intentionally cause damage, the professional liability coverage will exclude that. If you have a not-so-good relationship with the client and you gave some incomplete advice to him, then you could end up in trouble. In that case, professional liability coverage won’t be of any use to you at all. 

Illegal Acts 
If you have committed illegal acts, professional liability coverage can’t cover that. For example, if you hack into a business competitor’s system, your coverage won’t give you protection for any lawsuit arising from that company. As long as you’ve committed a crime using your business or profession, you can’t use your professional insurance policy to protect you.

General Liabilities
If you have a client who trips on a wire while visiting your office and ends up breaking his wrist, you'll need general liability insurance to provide for the accident. You can't use professional liability insurance to provide coverage for this. General liability insurance can provide coverage for third-party lawsuits, especially those involving accidental physical injuries and property damage.

False Advertising
False advertising doesn’t belong to the list of things that professional liability insurance covers. If you make up an advertising campaign that consists of incorrect information, then that could bring in more clients. However, if that information was found to be wrong and if you face lawsuits, professional liability insurance can't help you.

Property Damage
Property damage is not a part of professional liability insurance coverage. If someone breaks into your business property premises and destroys the walls or steals documents, property insurance is the one that can help you out. Professional liability insurance is not useful for this type of problem.

Some Final Words
You should know what professional liability insurance can't cover. In some cases, you'll need property insurance or general liability insurance. In other cases, you have to use your own money to settle the problem. Professional liability insurance will only protect professionals with good behavior and conduct.

At Arnold, Bruce & Doerfler Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (503) 222-1951 or Click Here to request a free quote.