Professional Liability Insurance

Professional Liability Insurance  

PROTECT YOUR FUTURE TODAY

A mistake can jeopardize your future as a consultant. Get the protection you need with Professional Liability Insurance.* This exclusive program for IEEE members protects you against negligent acts, errors and omissions.


No matter how well you design it, or how correct your advice is, you can still be sued. And regardless of how well you've done your job, you'll spend valuable time and hard-earned money to defend yourself in a lawsuit.


Whether you’re a part of a firm or own your own business, we have a plan and coverage that meets your needs. As an IEEE member, you’ll have access to choice coverage from established approved insurers: Certain Underwriters at Lloyd's of London and/or Beazley Insurance Company.


IEEE makes it easy to apply for insurance through our secure online process. As a policyholder, you’ll have digital tools, knowledgeable advisers and convenient monthly payment options at your fingertips.


Learn more about Professional Liability Insurance and apply online today.


APPLY FOR PROFESSIONAL LIABILITY INSURANCE NOW

We have a plan and coverage to meet your needs, whether you work for a firm or own your own business. Save time by securely applying for Professional Liability Insurance online.

 

LEARN MORE ABOUT PROFESSIONAL LIABILITY INSURANCE

 

 

  • Program Highlights

    • Ideal Protection for Firms or Self-Employed Individuals: It doesn't matter if you are part of a small firm or a large firm, a solo business owner or a designer/consultant, the IEEE Member Professional Liability Insurance Program can help protect your livelihood and your reputation.
    • Various Deductible Options: The IEEE Member Professional Liability Insurance Program offers members various deductible options. Some qualifying firms may even receive a $0 deductible. The deductible options will be dependent on several factors, including but not limited to underwriting, plan option and claim frequency.
    • Drone Coverage: Coverage provided as a result of any claim alleging accidental property damage, trespass, bodily injury or breach of privacy to a third party caused by the insureds operation of a Drone in due course of the insureds performance of professional services.
    • Shared Office Space: Whether you lease or share office space, anyone can claim your liable for injury and try to sue you--even if it wasn’t your fault. You may also be liable for property damage your held responsible for.  General liability coverage provides businesses with liability protection, including shared office space for claims arising out of bodily injury and property damage; personal injury and medical payments. General Liability coverage is only available to insureds of the Certain Underwriters at Lloyd's of London Professional Liability Insurance Plan.
    • Includes Computer Exposures: If you've had trouble getting professional liability coverage in the past because of a computer-related exposure, try the IEEE-sponsored plan. Our underwriting is flexible. And we'll work with you, making every effort to ensure you get the level of comprehensive professional liability protection you need.
    • Expert Legal Counsel to Represent You: You're never alone if you're summoned to court. The IEEE-sponsored Professional Liability Insurance Program is there to assist in the event you are summoned to court.
    • Licensing Board Defense Coverage: Licensing board defense coverage reimburses to the insured for defense costs in the event the insured technology professional is brought before the state licensing board.
    • Optional Defense Coverage: Optional defense coverage may be available with some plan options. This feature allows you to purchase a separate limit of coverage for defense expenses.
    • Negotiated Members-Only Rates: IEEE negotiates competitive rates for its members.
    • Claims-Made Coverage: The Professional Liability Insurance Program for IEEE members offers claims-made coverage. It covers claims made during the policy period resulting from acts committed during the life of the policy.
    • Prior Acts Coverage: Prior Acts Coverage is available if you currently have Professional Liability Insurance. A retroactive date will be placed on your policy, and acts that occurred after that date are considered for coverage.
  • Technology Coverage

    Technology coverage is included at no additional premium. This coverage provides a broad definition of computer systems and information technology-related professional services.

     

    In addition, the following plan options** are available for qualifying firms through the IEEE Member Professional Liability Insurance Program Choice Platform:

    • Intellectual property risk
    • Internet content liability and breach of security in relation to denial of service
    • Unauthorized access and theft of data
    • Electronic transfer of data functions
    • Web hosting functions
    • Copyright infringement
    • Privacy liability
    • Reputation management reimbursement
  • Determining Your Needs

    Whether you are part of a small firm or large firm, a solo business owner or you design and/or consult, we have the plan to meet your needs. Simply fill out one application with the Choice Platform (or send in your current application) and it will be submitted to both of the IEEE-approved insurers. This will provide you with a choice of plan options and limits of liability. Please note, some firms may not qualify for all plan options.
  • Sensible Protection You Can Afford

    Premium Discount

    Premium discounts may be available to individuals who complete an accepted IEEE certification course. Please speak to a representative at 800-375-0775 for more information about the premium credits available and what certifications will be accepted.

     

    Premium Financing Payment Options Help Balance Budgets

    For individuals or small firms with premiums of $1,000 or more, premium financing is available at competitive annual percentage rates (APR). It's a great tool to help you budget your liability protection.

     

    Credit Cards

    For individuals or small firms with premiums of $1,000 or more, MasterCard or Visa may be used to pay your professional liability premiums.

  • General Liability Insurance Plan for IEEE Members

    General liability coverage provides businesses with liability protection for claims arising out of bodily injury and property damage; personal injury and advertising injury; and medical payments. This coverage option is available to qualifying firms and individuals providing computer-related professional services. Qualifying applicants must operate their businesses out of their residences. General liability coverage is only available to insureds of the Certain Underwriters at Lloyd's of London Professional Liability Insurance Plan.
  • About This Program Information

    This is merely a summary of how claims-made coverage works. The actual policies will determine coverage. We advise that you read and understand the policy language for the plan options you receive. The policy terms and conditions will govern coverage at the time a claim is made. Please read the policy carefully. All terms are subject to underwriting.

     

    The IEEE Member Professional Liability Insurance Program Choice Platform is available to members residing in the United States. Please note, coverage options may vary or may not be available in all states. 

     

    Please call 800-375-0775 if you would like more information on how plan options/availability may vary by state.

  • Forms

  • Risk Management

    Risk management features are available for members who choose a plan underwritten by Certain Underwriters at Lloyd’s of London and Beazley Insurance Company. Features include:

    • Contract reviews
    • Live quarterly web-based seminars
    • Dedicated web portal exclusively for policyholders with videos, on-demand webinars and more

     

    Coming Soon:  Risk Management Portal

     

    To determine your individual needs, please review the IEEE Risk Management Guide.

    For more information, please contact your licensed Mercer representative at 800-375-0775.

     

    Copyright vs Ownership

    Document Retention Tips

    Contract Review Checklist

    Sample Contract Provisions

    Why is a Written Contract Important

    A&D Reporter Article

    IEEE Member Testimonial

*The Professional Liability Insurance Program for IEEE members is available in the United States. (Coverage options may vary or may not be available in all states.)

**Note, plan options listed will vary by carrier. Not all options listed will be offered by both carriers. Please review your policy options carefully or call 800-375-0775 for additional details.

 

 

Note for Residents of Canada ONLY: We offer an IEEE-sponsored Professional Liability Insurance Plan for residents of Canada (excluding Quebec).

 

IEEE members have access to a Choice Platform for the IEEE Member Professional Liability Insurance Program, which provides members with a choice of coverage options from established IEEE-approved insurers. Simply fill out one application or send your current application, and qualifying firms may then receive multiple quotes/plan options from the IEEE-approved carriers: Certain Underwriters at Lloyd's of London and/or Beazley Insurance Company.

 

 

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