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Miscellaneous Professional Liability

MPL as an Added Protection

To protect your company from loss related to errors, omissions, or negligence that arise from claims made against your professional services, you will want to carry a professional liability coverage policy. As found in the information at https://www.huntersure.com, those working in printing, publishing, as a mortgage broker, or a travel agent could benefit from this protection in the event of a lawsuit against their company.

Industries Benefiting from MPL

There are hundreds of professions that face these liability concerns, and if you are operating in any of the following services, you may want to consider adding a miscellaneous professional liability (MPL) plan to your arsenal of insurance coverage. This for those in:

  • Information technology services
  • Insurance brokerage
  • Lobbying
  • Multimedia products
  • Process services

This form of coverage is good for those who work in distribution or manufacturing, as it is a way to protect against the financial damages that can arise during claims involving outsourced work, intellectual property, and online commerce transactions.

The realm of professional liability is highly complex, and your business may have unique exposures that aren’t addressed with a generically written policy. You should consult with an agency or broker that is familiar with your industry to give you the best advice on what level of protection you need. Through their help, the underwriting process can specifically address the risks that pose the greatest threat to your company.