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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 SCS Agency, Inc., we understand that mistakes happen. That is why we are 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 is important for your business to have general liability coverage for property damage and bodily injury, SCS Agency, Inc. 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’ 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 representative with SCS Agency, Inc. today to prevent mistakes and errors from becoming major losses for your business.

 

Our Location

Headquarters

1981 Marcus Avenue #125
Lake Success, NY 11042
Main office: 516-259-3608

Our Providers

"R. Baker has been in business for over 75 years and has preformed work throughout the United States, Puerto Rico and Canada. When we met over 35 years ago, we only had 5 employees and performed around $150,000 in sales per year. We were referred to SCS by a long term customer when we lost our insurance and could not find anyone with the ability and knowledge to place our business. Within one week you provided us with a solution and afforded us coverage which helped pull us from the brink of disaster. Over the years we have worked together through many good times and unfortunately through many hard times. It's in those hard times when you see the true colors and worth of a person. I am confident to say that in those hard times you never wavered, and always held true to your word and commitment in assuring a successful outcome for R. Baker, my family and I."
R. Baker
What an awesome agency to work with! Earlier this year, our college was in need of a comprehensive insurance package for commencement at Madison Square Garden. The insurance company we were working with previously did not provide the coverage required by the venue. Cheryl Charles, from SCS, was able to expeditiously, diligently and professionally ensure all of our insurance needs were met. I highly recommend SCS Agency for your insurance needs. Jazmin Letamendi, Associated Director, John Jay College of Criminal Justice
Jazmin