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 Winstead Insurance Agency, we understand that mistakes happen. That’s why we’re committed to helping you create a Professional Liability policy that keeps your day-to-day operations protected should your business be held legally liable.

Property Insurance

What Does Professional Liability Cover?

While it’s important for your business to have general liability coverage for property damage and bodily injury, Winstead Insurance Agency 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’s 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 reprentative with Winstead Insurance Agency today to prevent mistakes and errors from becoming major losses for your business.

OUR COVERAGE FOR YOUR BUSINESS OPTIONS INCLUDE:

Loss Control Insurance

Not only is it necessary for you to provide a safe work environment for your employees, it’s also important to be prepared in the event an accident occurs in the workplace.

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Business Owners Policy (BOP)

At Winstead Insurance Agency, we’re committed to providing insurance solutions that keep small to medium-sized businesses protected.

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Commercial Auto Insurance

Winstead Insurance Agency understands the value of your commercial vehicles and the employees who drive them.

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Commercial General Liability

Not only are you responsible for ensuring that your day-to-day operations run smoothly, but you’re also accountable for keeping your employees and property insured from injuries and damages.

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Commercial Property Insurance

From serving your customers and offering your products and services to providing your employees with jobs, your business is a powerhouse of activity.

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Commercial Umbrella Insurance

As a business owner, keeping your business insured is one of the most important financial decisions you can make.

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Crime Insurance

As a business owner, sometimes it’s impossible to know whether the employees you hire are an honest fit for the job, and by the time you discover the truth, the damages can be costly.

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Inland Marine Insurance

From transported goods and hauled equipment to storage items and even construction tools, it’s important to keep your investments protected.

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Professional Liability

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.

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Workers Compensation

Should an accident happen, having the right Workers Compensation plan from Winstead Insurance Agency can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident.

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Bonds

Owning a business means taking risks. At Winstead Insurance Agency, we offer a variety of bond and license services to ensure that your business is protected.

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Fidelity Bonds

As a business owner, even if you take every precaution possible to ensure the security of your business assets, theft and dishonesty can still happen.

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Surety Bonds

Your primary goal as a business owner is to ensure that your operations run smoothly and efficiently on a daily basis.

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404 W. Pulaski Highway
Elkton, MD 21921


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