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Professional Liability
Professionals who operate their own businesses are expected to have extensive technical knowledge or training in their particular field of expertise. If they fail to use the degree of skill expected of them, they may be held responsible for harm they cause to another person or business. Professional Liability coverage protects them against financial losses from lawsuits filed against them by their clients. Professional liability insurance is a specialty line of coverage, and is not provided by a homeowner's policy, an in-home business policy, or with very limited exceptions, a business owner's policy (BOP).
Most professional liability policies are written on a liability coverage form referred to as a "claims made" policy. These policies are distinctly different than general liability, with their own coverage language and unique time sensitive claim reporting requirements. You need to work with an agent that understands this policy form.
We place professional liability with a variety of specialty companies, and they all require a fully completed application to get a quote. Depending on the carrier and the degree of specialized underwriting required, it could take anywhere from one to thirty days to get a quote, so we appreciate as much lead time as possible.
Some of the professional occupations we write most frequently include:
- Architects & Engineers
- Lawyers
- Real Estate Professionals including Appraisers
- Consultants in a variety of fields
- Land Surveyors
Surety Bonds
Simply put, a surety bond is a guarantee. Under the general category of Surety Bonds, there are literally thousands of individual bond types, some of which are freely written and quite inexpensive, while others are extremely difficult and may require detailed financial information or substantial personal assets used as collateral to obtain. If you don't know exactly what you're looking for, we won't be surprised. Call us and we'll work through it together.
Many of the more common bonds we write on a regular basis are issued here in our office for your convenience. Those include:
- Notary Bonds - $50 for the notary term including notary errors and omissions coverage
- Public Official Bonds
- License & Permit Bonds – for contractors, motor vehicle dealers, residential mortgage brokers and others
- Lost Instrument Bonds – for lost cashier's checks/money orders
- ERISA Bonds – for company pension plans
- Business Service Bonds – for janitorial services, house or pet sitters and others
We also offer a variety Court Bonds that generally require some additional underwriting including:
- Probate – Conservator, Administrator, Guardian
- Other than Probate – Appeal, Attachment, Injunction, Replevin and others.
**If you are an attorney seeking a court bond, you can access our online bond system to purchase court bonds by using the following link. Please note that you must be an attorney to use this system. All other inquiries, please contact the agency.
Get An Online Court Bond Quote Now
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Bill White Insurance Agency
4650 S. National Ave., Suite A-2
Springfield, MO 65810
417.881.0124 Phone
417.881.8590 Fax