Professional Liability Insurance | Texas
Protecting Your Professional Reputation
At The Thumann Agency, we understand that professional liability insurance (also known as errors and omissions insurance) is more than just a policy—it's about protecting the reputation you've worked hard to build. For over 25 years, we've helped Dallas professionals navigate the complex challenges of liability protection, ensuring your work, your team, and your future remain secure.
Why We Stand Out
Choosing the right insurance agency can make a significant difference in protecting what matters most to you. Here's why the Thumann Agency stands out:
- Trusted Risk Advisors As your dedicated partners in protection, we educate, guide, and empower you to make confident decisions that safeguard your future.
- Local Roots, Deep Understanding As Dallas natives since 1996, we understand firsthand the unique insurance needs of Texas families and businesses.
- More Options, Better Value We partner with over 80 top-rated carriers, to find you the right coverage at the best possible price.
- Above and Beyond, Every Time From regular coverage reviews to hands-on claims support, we're your dedicated insurance partner for the long haul.
- Award-Winning Service Our commitment to excellence has earned us industry awards and recognition, but more importantly, the trust and loyalty of our clients.
Experience the difference of working with an agency that puts your success first. Request a Quote | Talk to Us
What is Covered Professional Liability Insurance in Texas?
Professional liability insurance in Texas, also known as errors and omissions (E&O) insurance, is a crucial form of business insurance designed to protect Texas professionals and businesses from claims of negligence, errors, and omissions in their work.
Key Protection Features:
- Legal Defense & Fees: Complete coverage for your legal representation, whether claims are valid or unfounded
- Settlement Coverage: Financial protection for client settlements and judgment awards
- Regulatory Shield: Protection against applicable industry fines and penalties
- Intellectual Property Protection: Coverage for copyright infringement and related disputes
- Professional Mistakes: Coverage for service delivery failures and unmet client expectations
- Reputation Defense: Protection against claims of defamation, including libel and slander
Whether you're a Texas accountant, lawyer, healthcare provider, or consultant, professional liability insurance is essential for safeguarding your professional services and ensuring your business remains secure against potential legal challenges.
What Is Not Covered?
Professional liability insurance is comprehensive, but it doesn't cover everything. Typical exclusions include:
- Intentional wrongdoing or criminal acts
- Employee injuries (covered by workers' compensation)
- Property damage (covered by general liability insurance)
- Personal business debts or expenses
- Claims made outside your policy period
Our helpful agents will guide you through these complexities with confidence. We'll partner with you to build a robust coverage strategy that protects your business from every angle, ensuring no gaps leave you vulnerable.
Industries We Serve
Every profession has unique risks, which is why we take the time to understand your specific needs. Our deep industry knowledge serves:
- Accountants & Financial Advisors
- Real Estate Professionals
- Healthcare Providers
- IT Consultants
- Architects & Engineers
- Management Consultants
- Marketing Agencies
Other Comprehensive Coverage Options
- General Liability Coverage Essential protection against everyday business risks and exposures.
- Cyber Liability Coverage Advanced protection for your digital assets and client data.
- Employment Practices Liability CoverageComprehensive defense against workplace-related claims.
Professional Liability Coverage vs. General Liability
Understanding the difference between professional liability coverage and general liability coverage is crucial for any business. Professional liability coverage protects businesses against claims of professional negligence, errors, and omissions, ensuring that your professional services are safeguarded. On the other hand, general liability coverage protects businesses against physical risks, such as bodily injuries and property damage.
While both types of insurance are important, they serve different purposes and are not interchangeable. Businesses that provide professional services need professional liability insurance to protect against claims of professional negligence, while those with physical risks need general liability insurance to cover bodily injuries and property damage. Having both types of coverage ensures comprehensive protection for your business.
While traditional insurance coverage is essential for most businesses, there are situations where self-insurance might make strategic sense for specific risks. Self-insurance requires careful analysis of your financial capacity, risk tolerance, and long-term business strategy.
The Thumann Agency helps you make informed decisions by:
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Analyzing your business's financial strength and risk exposure
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Identifying which risks are best suited for self-insurance vs. traditional coverage
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Creating a balanced risk management strategy that protects your bottom line
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Providing ongoing support as your business evolves
Our experienced team will work closely with you to understand your unique business operations, helping you find the right balance between self-insured and traditionally insured risks. This personalized approach ensures you're never over-insured or carrying unnecessary coverage while maintaining robust protection where it matters most.
Why Texas Professionals Choose The Thumann Agency: What our customers say
⭐⭐⭐⭐⭐ 4.9 out of 5 based on 250+ reviews
Customers praise the Thumann Agency for its quick response times, money-saving results, and exceptional customer service. They mention receiving quotes within hours when other agencies couldn't deliver, and many report significant savings on their policies. Clients consistently highlight how the team makes insurance easy to understand and appreciate their honesty about rates and coverage options. Many are impressed with the comprehensive knowledge across both personal and business insurance needs.
The Protection You Need, The Service You Deserve
Whether you're signing contracts requiring coverage or simply want the peace of mind that comes with comprehensive protection, we're here to help. Our approach is simple: we listen to what matters most to you, because that's what matters most to us.
Last Updated: October 30th, 2024.
Disclaimer: This information is provided for general educational purposes only and is not intended to be construed as legal advice or as a complete description of available insurance products or coverages. Coverage terms, conditions, limitations, and exclusions vary by state and insurance provider. Not all products, coverages, or discounts mentioned are available in all states, including Texas. The examples and descriptions provided are for illustrative purposes only. For specific information about your insurance needs or questions about coverage, please contact The Thumann Agency directly.
Reviews and ratings mentioned are collected from verified customers and represent their personal opinions and experiences. Individual results may vary. The Thumann Agency is licensed and operates in accordance with Texas Department of Insurance regulations.