In the fast-paced world of insurance claims, even the most experienced professionals can make mistakes. A simple miscalculation, a missed deadline, or a miscommunication with a client could lead to costly lawsuits. That’s where Errors & Omissions (E&O) insurance comes in—providing a safety net when things don’t go as planned.
For independent adjusters, third-party administrators, and other claims professionals, standard E&O policies often leave critical gaps that could put your business at risk. That’s why Claim Professionals Liability Insurance Company (CPLIC) was created—to offer specialized E&O coverage tailored specifically for claims professionals.
What Does CPLIC’s E&O Coverage Offer?
Unlike the generic miscellaneous professional liability policies offered by many carriers, CPLIC’s E&O insurance is specifically designed for claims professionals, ensuring that the unique risks of your industry are properly covered.
Comprehensive Protection Against Common Claims
Mistakes happen—but they shouldn’t put your career or business in jeopardy. CPLIC’s E&O insurance helps protect you from:
- Errors in estimating damages
- Miscommunications that lead to misunderstandings
- Missed deadlines or procedural mistakes
- Allegations of professional negligence
If a policyholder or insurer claims you made an error that caused financial harm, CPLIC’s E&O policy provides legal defense coverage and payment for damages, so you don’t have to face the costs alone.
Customizable Coverage Limits and Deductibles
Every business faces different levels of risk. That’s why CPLIC offers flexible policy options, including:
- Coverage limits from $500,000 to $10 million
- Deductibles ranging from $1,000 to $25,000
This flexibility allows you to choose a policy that aligns with your risk tolerance and budget.
More Than Just E&O Coverage
CPLIC is committed to protecting claims professionals with a full suite of insurance options, including:
- General Liability (GL) Insurance – Protection from bodily injury and property damage claims arising while engaged in your professional duties.
- Employment Practices Liability Insurance (EPLI)* – Protection from employment-related lawsuits
- Cyber Liability Insurance* – Security against digital threats and data breaches
- Drone Endorsement – An optional endorsement that extends the protections of your CPLIC GL policy to claims arising from your use of drones in your professional duties.
By offering E&O coverage as part of a broader risk management solution, CPLIC ensures that claims professionals are protected from multiple angles.
* Coverages offered through partner programs
Why Choose CPLIC?
CPLIC is member-owned and operated, which means policies are designed with claims professionals in mind. As a result, you get:
- Specialized coverage tailored to the unique risks of your industry
- Competitive pricing without unnecessary policy exclusions
- A straightforward application process with fast underwriting response
CPLIC members receive additional benefits including:
- Member Referral Bonuses
- Stock Allocation
- Risk Management Services (Including Contract Review)
- Voting Rights
How to Apply
Getting insured with CPLIC is simple. You can apply online, and once approved, you’ll receive your policy documents quickly.
Apply now to secure the protection you need.
Final Thoughts
If you’re a claims professional, E&O insurance isn’t optional—it’s essential. A single mistake or lawsuit could have serious financial consequences. CPLIC’s specialized coverage ensures that you can work with confidence, knowing you have the right protection in place.
Don’t wait until it’s too late—get CPLIC’s E&O coverage today and safeguard your future.