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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 Hanford 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.

What Does Professional Liability Cover?

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

 

Our Locations

Hanford Insurance Agency (Geneseo)

119 S State St
Geneseo, IL 61254
Main office: 309-944-5151

Bell Insurance Services

210 N Prospect St
Cambridge, IL 61238
Main office: 309-937-3355

Cover Insurance Agency

107 W Main Street
Toulon, IL 61483
Main office: 309-286-2531

Hanford Insurance Agency (Port Byron)

103 N. Main St.
Port Byron, IL 61275
Main office: 309-848-9172

Hanford-Schuneman Agency (Erie)

734 Main St
Erie, IL 61250
Main office: 309-659-7877

Hanford-Schuneman Agency (Prophetstown)

312 Washington St
Prophetstown, IL 61277
Main office: 815-537-2301

VanDeRostyne Insurance Services

101 West Main St
Atkinson, IL 61235
Main office: 309-936-7220

Our Providers

Testimonials

"Hanford Insurance helps to minimize risk in my farming operations. Having them in my corner to offer expertise and understand my needs is a tremendous asset to my business."
Jim
I have been a client of Hanford Insurance Agency over the last several years and Every interaction with the agents has been more than positive. The personal attention you get from them is second to none. It is very rare these days to receive such excellent personal attention and customer service, I highly recommend them.
Ashley
"You can take heart in the fact that the agent isn't just trying to sell you something, he legitimately cares about his clients and their well-being."
Mike