What is covered by EasyCover’s Professional Liability Insurance for Construction Professionals
If you are sued for financial damage as a result of a mistake, failure to provide proper advice or service, or misrepresentation, your Professional Liability Insurance will cover your legal expenses, so long as you didn’t engage in any deliberate dishonesty, criminal act or fraud. This coverage includes costs associated with judgements, settlements and legal defense. These expenses can be astronomical, making Professional Liability Insurance critical for protecting your financial security as a construction professional.
There are three levels of construction liability insurance coverage offered by EasyCover:
- $1 million
- $2 million
- $3 million
This is the maximum amount you would receive for all professional liability claims you make in the 12-month policy period, including settlement, judgement, and defense costs. Consider any contract requirements as well as your business and industry risks when choosing your level of coverage, including:
- The type of clients you work for
- What industry your clients are in
- The overall value of your projects
- The size of any potential legal claim that could be made against you
Your deductible will vary based on your revenue and applies to each claim. For example, if your deductible was $250 and you had two claims within a policy period, you would pay a total of $500 in deductibles.