Issues arising from professional liability are of great concern today. There was a time when the professional (or quasi-professional) was not a target for lawsuits; clients would never have considered bringing an action against a professional, even in instances where negligence or errors were obvious.
Times have changed. Today, the public and our legal system expect much more and are more inclined to initiate action. When adjudicating cases, the courts have based their judgments on an increasingly higher standard of care and responsibility. The ever-increasing levels of education, training, experience and reputation of professionals have led the courts and the public to expect service which is superior compared to the average person. This expectation can be overwhelming.
Our changing society, and the financial constraints felt by many clients, have heightened their awareness and increased the professional's accountability to the client.
Professional liability insurance is one form of protection for counsellors and for their clients. Coverage will shield personal assets and help maintain a good reputation through the defense of allegations of wrongdoing which might be frivolous or false. For the client who has suffered some damages through the actions of a counsellor, liability insurance will ensure that there are adequate funds available to make amends for the wrong that has been done to them.
A professional liability policy covers errors, omissions or negligent acts that may arise from the normal or usual duties carried out by the Insured.
When claims do occur, the professional's decision to carry professional piability insurance coverage will remove the financial consequences of a legal action and provide them with a solid, reputable insurer upon whom they may rely in full confidence.
Aon is pleased to assist in the development of risk management and insurance products to protect members in today's ever-changing business environment.
For more information, please contact us at 1.866.488.3451.