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Professional Liability in Plano, Texas and Beyond

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 Scarbrough, Medlin & Associates, 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, Scarbrough, Medlin & Associates, 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 Scarbrough, Medlin & Associates, Inc. today to prevent mistakes and errors from becoming major losses for your business.

 

Our Location

Scarbrough, Medlin & Associates, Inc.

5700 Granite Parkway, Ste 500
Plano, TX 75024
Main office: 214-238-9042
Toll free: 800-929-2446
Fax: 214-423-3350

Our Providers

Testimonials

If I call customer information for assistance everyone I speak to… from the receptionist on… serves excellent customer service!

It’s so good to work with a professional Commercial Agency with personal service!

Their above and beyond services are greatly appreciated. The knowledge of risk management is outstanding. A perfect insurance partner for our business.

The insurance professional we worked with really got to know our industry and our company before designing a complete insurance program that was perfect for our company and our employees

Accommodating, Professional, Knowledgeable, and Helpful! Very comfortable experience and I was impressed by all of their capabilities. Highly recommended.

I refer all Commercial business to them, they're outstanding! Five stars in my book!

Fabulous job. Your input was invaluable in helping me understand the importance of using a knowledgeable insurance representative when insuring HOA’s. I will pass on your good name to my associates.