Why Professional & Management Liability Protection Matters
General liability insurance is a basic requirement for every business that safeguards against bodily injury and property damage, but does not protect against professional errors, wrong decisions, or lawsuits related to employment. That's why professional and management liability insurance Boston becomes necessary.
Why Boston Startups Need Such Protection
- Offers protection against lawsuits connected to professional errors and omissions
- Covers claims arising from the organization's leadership and governance
- Protects business owners, top management, staff, and board members
- Usually a prerequisite for client and vendor contract signing or renewal
- Assists compliance requirements for heavily regulated sectors
- Supported by local Boston experts skilled in complicated risks
What E&O Insurance Covers?
Professional Liability is commonly referred to as Errors & Omissions (E&O) insurance, helps protect your business if a client alleges that your services caused them monetary loss.
The protection typically covers:
Errors, mistakes, or professional negligence
Failure to provide services as promised
Misrepresentation or wrong advice
Disputes concerning the contract
Legal defense costs, settlements, and judgments
Who Needs E&O Insurance?
Any business involved in professional services, advice, or expertise should consider errors and commissions insurance, including:
Consultants and advisors
Real estate professionals
Accountants and bookkeepers
IT and technology service providers
Marketing and advertising agencies
Contractors and specialty trades
Financial professionals
Medical and dental Clinic
What Our Management Liability Insurance Covers?
- Directors & Officers (D&O) Insurance
- Employment Practices Liability Insurance
- Fiduciary Liability Insurance
- Crime & Employee Dishonesty Insurance
D&O insurance shields the company's executives from lawsuits connected with the management of the firm.
The common accusations consist of:
- Mismanagement or bad choices
- Violation of trust
- Conflicts among shareholders or investors
- Lapses in meeting the law or rules
D&O insurance Boston is considered necessary for businesses that have boards, investors, or expanding management areas.
Lawsuits related to employees are considered to be one of the fastest-growing risks for companies.
EPLI insurance takes care of claims such as:
- Wrongful termination
- Discrimination
- Harassment
- Retaliation
Your company is insured against both financial crimes and dishonest employees, and this includes the following:
- Employee theft
- Fraud and forgery
- Money transfer fraud
- Third-party crime losses
Industries We Protect Across Boston
We give specialized liability coverage to:
How Much Does Professional & Management Liability Insurance Cost?
Premiums are determined by the following factors:
- Industry and risk exposure
- Income and size of the firm
- Number of employees
- Claims History
- Coverage limits selected
- Whether coverage is bundled with other policies
Typical Charges in Boston:
Professional Liability (E&O):
$450–$2,000 annually
D&O Insurance:
$800–$3,500 yearly
EPLI Insurance:
$600–$2,200 per year
Fiduciary Liability:
$300–$1,200 annually
Combining liability insurance policies is a common practice that not only helps to reduce the overall premium but also ensures that the coverage remains uninterrupted.
Why Boston Businesses Choose Goll Insurance?
If you’re searching for professional liability insurance near me, Goll Insurance will be your best choice:
- Deep expertise in Professional and management liability
- Access to a huge number of top-rated insurers
- Cost-effective choices for new ventures and SMEs
- Recommendations for coverage tailored to specific industries
- Quick support for getting certificates of insurance (COI)
- Available to help with claims and policies
A structured, risk-first process
Industry Risk Assessment
Identify exposure areas unique to your business
Compare Top Carriers
Analyze several quotes for cost and protection
Customize Your BOP
Combine E&O, D&O, EPLI, crime, and fiduciary coverage
Bind Your Policy
Quick & smooth setup
Ongoing Support
Claims assistance, COIs, renewals, and notifications
Frequently Asked Questions
What Business Owners Say
“Their team helped us secure D&O and EPLI coverage quickly and clearly.”
Georgia Holden
Senior Marketer
“Excellent experience for our tech startup’s E&O insurance.”
Hayden Welch
Designer
“Professional liability made simple and affordable.”
Lucas Azevedo
Developer
