Professional Services

Medical malpractice liability

Can pay defense and settlement costs when someone accuses a professional of misdiagnosis, surgical or medication error or other negligence.

Can include cost of defense, settlements and court awards, wrong diagnosis and surgery and medication mistakes

Real estate professional liability

Often responds when clients claim that a wrong valuation, withheld information or documentation error caused them financial loss.

Can include wrong valuations, undisclosed information, paperwork errors and fiduciary duty breaches

Consultants professional liability

Typically covers defense costs and damages if a client alleges that a consultant’s analysis, advice or implementation was wrong.

Can include professional error, cost of defense, settlements and court awards and liability under contract

Architects and engineers professional liability

Generally responds to claims that a design error, flaw or omission caused a project loss or delay, including defense costs.

Can include mistakes and omissions, flawed design, delayed construction and liability under contract

Lawyers professional liability

May pay defense and settlement costs when a client says a lawyer’s missed deadline, procedural error or poor advice caused harm.

Can include late filings and deadlines, faulty advice, conflict-of-interest claims and fiduciary duty breaches

Accountants professional liability

Usually pays defense costs and damages when a client blames an accountant’s reporting, tax or audit mistake for a loss.

Can include claims of negligence, cost of defense, settlements and court awards and regulatory hearings

Cyber

Generally pays lost income, system restoration and liability for compromised client data after a ransomware attack or breach.

Can include breach response, business interruption and security failure liability

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.