Professional Liability

Mistakes Happen

In today’s litigious society, lawsuits against businesses are common. And as a business owner, you need to be prepared to protect the integrity of your company if an incident or mistake turns into a claim.

At Darrell Bednarz Insurance, we understand that mistakes happen. That is why we are committed to helping you create a Professional Liability policy that keeps your day-to-day operations protected should your business be held legally liable.

What Does Professional Liability Cover?

While it is important for your business to have general liability coverage for property damage and bodily injury, Darrell Bednarz Insurance recommends adding Professional Liability Insurance to your business portfolio because it insures the people and/or entities of your business from negligent claims made by third parties, or even internal sources.

From failure to render a service to malpractice suits, Professional Liability can provide a wide variety of options, such as:

Errors and Omissions Liability (E & O) – E & O covers any mistakes made by employees who work on behalf of your business, if your business charges fees for your services. It can include coverage for any errors such as failure to perform or violations of contract. Depending on your industry, your insurance needs will vary.

Directors and Officers Liability (D & O) - Having financial protection for your business’ Directors and Officers can prevent loss in the event that they are held liable from actions related to their corporate positions. This can include anything from conflicts of interest to mismanagement of company assets and violation of laws.

Fiduciary Liability - Fiduciary covers claims that involve the violation of the Employee Retirement Income Security Act, or ERISA. If a manager, for example, violates the financial obligations of ERISA, having the right coverage can protect your company if held liable in situations from imprudent investments to failure to enroll employees.

Employment Practices Liability - With proper insurance, your business can be protected if a worker claims that his or her rights have been violated. This can include violations from sexual harassment and discrimination to violations of the Americans with Disabilities Act (ADA), mismanagement of employee benefit plans, and wrongful termination.

Contact a representative with Darrell Bednarz Insurance today to prevent mistakes and errors from becoming major losses for your business.

 

Our Location

Bednarz & Associates, LLC

8008 Slide Road, #10
Lubbock, TX 79424
Main office: 806-419-4163
Fax: 505-214-3372

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Darrell and Bunny are so easy to work with. They tirelessly helped us resolve an ongoing issue with our insurance company and spoke on our behalf on numerous accounts until the whole matter was resolved. They are always easy to contact and very conscientious about returning phone calls. They make us feel like we are important to them and that our needs are on the top of their "to-do" list. They consistently demonstrate a genuine interest in our business and treat us like family.
- Kellie K
Thank y'all for being so easy to work with. It has really been a stress free year with our insurance, since we have joined you!
- Drew and Bailey L.
Our home had a pipe leak upstairs, but we did not realize the damage until it busted and flooded our home. We were so relieved that Darrell and Bunny made sure we had provisions for water damage in the homeowners policy. The Safeco adjuster took a load of stress away with his prompt response and assurance. We were able to focus on restoration and move on without any struggles of dealing with a claim. We are thankful that Darrell and Bunny were intent on getting us the protection we needed. Their experience and competence spared us a major loss! We have confidence in their team for taking care of business! Terry and Tricia Campbell
- Terry and Tricia Campbell