Those who render professional services do their best to keep their clients’ or patients’ best interests in mind. Still, even the most conscientious providers can make a mistake that causes injuries or damage to others. If an injured party decides to sue, it could have financial consequences that may lead to the closing of a business or practice.
Prime Insurance Company offers professional liability insurance to reduce the policyholder’s exposure and provide true peace of mind. If you’re an agent or broker, you can help your clients get the coverage they need to safeguard their assets — and grow your business in the process. We are committed to providing solutions for property and casualty risks including business, professional, wrongful acts coverage, and personal lines.
We provide unique solutions for risks that are denied by other markets. Many have found us to be a valuable resource for their business.
Since 1992, we have provided professional liability coverage to medical and health professionals, midwives, volunteers, police officers, firefighters, teachers, and administrators just to name a few. Additionally, our in-house legal staff has successfully managed over 60,000 specialty liability, professional, or property claims. Professional liability insurance provides indemnity to the insured against loss arising from any claim during the policy period by reason of any covered neglect, error, or omission committed in the conduct of the insured’s professional business.
Examples of the professional liability coverage options available with our all-in-one policies include:
Here are some examples or scenarios of professional liability coverage that we can help with:
Delivering superior service to producers and our valued policyholders is always a top priority at Prime. Our in-house underwriting team works hard to expedite the application process and find out-of-the-box solutions tailored to the unique needs of high-risk clients. When it’s time to file a claim, our 24-hour hotline is a vital resource for initiating the process promptly. We also offer risk management services that can help policyholders reduce their exposure and lower their insurance costs.
When you guide your professional liability insurance clients to Prime, you’ll be able to boost your business in many ways. We offer:
Financial stability is a crucial factor when selecting a professional liability insurance partner. Prime has earned an “A” (Excellent) rating from AM Best, a global credit rating agency dedicated to serving the insurance industry for nearly 125 years. AM Best evaluates criteria such as operating performance, balance sheet strength, and business profiles on a qualitative and quantitative basis when making its determination. With our rating, you can rest assured that we’ll be there for you and your clients when you need us most.
Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.
Prime has simplified the process of applying for professional liability coverage to save time and reduce the red tape:
Once we’ve received the application and supporting documentation, we’ll schedule a phone call between the producer, applicant, and our underwriting team to discuss the risk further and gather any additional information needed to complete the evaluation. We’ll then issue a quote as soon as possible. If the policyholder agrees to the terms and pays any required initial premium, we’ll bind coverage without delay.
Give us a call at 800-257-5590 or contact us online if you have questions about our professional liability insurance plans.Get a Quote!