Understanding the complexities of small, medium and large companies and their Professional exposures from all types of businesses takes a high level of expertise. Many firms don't fully understand their exposure and may even believe their business insurance will cover professional liability claims. For example, if a contractor modifies plans in any way, they could be at increased risk for a construction professional liability claim.Our Professional Liability markets provide reliable protection to a broad range of professionals to help meet the challenges of today's litigious environment. The experts at Polaris are ready to extend their services to help you analyze and secure the best possible coverage to fit your firm and protect your company.Claim ExamplesA fast food franchisor was sued after the purchaser of three franchise locations failed to make revenues that exceeded their costs of operations. The plaintiff alleged the accounting information they were provided contained incomplete representations. The plaintiff demanded the franchise company rescind the agreement; return all purchase amounts, as well as all lost revenue and attorney's fees. A brewery hired a marketing business consultant to help them establish a new brand. The consultant was hired to deliver a marketing plan within 90 days. The contract was very specific regarding timing, as the brewery wanted to have their plan in place by a certain date. The consultant was 190 days late in delivering the plan. The brewery sued the firm and was awarded $300,000 in damages.What Coverage is Available?Directors and Officers LiabilityCompany ReimbursementEntity Securities LiabilityInvestigation CostsOutside Directorship LiabilityExtradition and Appeal CostsFamily CostsCorporate LiabilityEmployment Practices LiabilityBenefit Plan LiabilityCyber and PrivacyKidnap and RansomCourt Attendance CostsLoss MitigationReputation and Brand Protection
