This key coverage can be a difference-maker.
Professional liability/errors & omissions insurance provided by CanaRisk Solutions.
As labs and testing facilities ramp up to meet increasing demand, new and more stringent testing protocols, recent additions to staff and legacy testing equipment all have an impact on consistent results.
Professional liability/errors & omissions (E&O) insurance protects laboratories and testing facilities against litigation brought by regulators, competitors, customers, etc. alleging inaccurate results, outdated methodologies, timeliness, etc. This type of lawsuit – not properly defended – could have a devastating effect on the facility and compromise the ability to do business going forward.
Labs and testing facilities will likely be receiving an increasing amount of inquiries from clients and potential clients regarding if they maintain professional liability/E&O, what their limit is and can the limits be increased?
Best of class facilities that can provide evidence of a substantial limitation of professional liability/E&O ($5,000,000+) demonstrate financial credibility and stability to their clients and prospective clients. If your current limit is $1,000,000 or $2,000,000, a limit increase needs to be on your radar screen.
CanaRisk Solutions was formed to provide the developing cannabis industry with high-level insurance brokerage and risk management services, specializing in professional liability and product liability.
Our proven risk management strategies can assist both manufacturers and laboratories to best present their products and services in a very dynamic marketplace. In addition to products and professional liability, we offer a full suite of property and liability coverages including cyber, employment practice liability and crimesocial engineering.
Professional Liability/Errors & Omissions Liability Quote Request
As an independent agency, we offer multiple options at competitive prices.