Professional Liability or E&O Insurance is essentially designed for professionals who have a temporary or contractual role in their organizations. It is a form of professional liability insurance that protects Claims Adjusters against claims of inadequacy or negligent conduct.
While negligence is a very difficult thing to prove, in the worst-case scenario if there is even the slightest chance that you are liable in the capacity of a Claim Adjuster it is absolutely necessary for you to have E&O insurance to protect yourself against such claims.
Professional Liability or Errors and omissions insurance often covers court fees and outside settlements up to a certain amount. This is generally fixed based on the kind of insurance contract you might have.
In addition to Professional Liability it is important for a Claims Adjuster to consider the following additional policies:
Professions we write:
- Independent Insurance Adjusters
- Claims Adjusters
- Public Adjusters
- Insurance Examiners
- Third-Party Claims Administrators
- CAT Adjusters
- Other Specialty Adjusters
Other Related Professions :
- Insurance Inspector
- Insurance Auditor
- Risk Manager
A Claims Adjuster hired to assess a restaurant’s fire damage cannot visit for 10 days due to their workload. The restaurant sues the insurance carrier for $200,000 in lost income due to the slow processing of their claim, the carrier sues the claim adjuster
An adjuster assesses foundation and cosmetic damage to a house resulting from a plumbing leak, and concludes that only a small portion of the damage is due to the leak. The homeowner sues the adjuster, along with their carrier, for failing to pay the full amount of the claim.
A Claim Adjuster erroneously denies coverage to a homeowner after a tornado disaster based on the cause of damage, flood versus wind. The homeowner is forced to pay additional living expenses and repairs until they prove the correct covered cause of loss. The homeowner sues, and damages are assessed against the adjuster.
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1400 NW 107th Avenue, Suite 210 Doral FL 33172
09:00 am – 05:00 pm
All City Insurance, Inc.
1400 NW 107th Avenue, Suite 210 - Doral, FL 33172
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