What is Professional Liability coverage?
Have you ever received a contract requiring you to have Professional Liability coverage and wondered what exactly it is? Well, SIA is here to break things down!
Professional Liability (PL) coverage is often referred to as errors and omissions (E&O) insurance. These policies typically cover claims arising from errors, mistakes, or negligence in the delivery of personal services. Usually, this coverage is needed by licensed professionals (think doctors, lawyers, and insurance agents). However
International waters
We often get asked about where coverage is valid for our policies, especially regarding cruise ships/international waters. Let's talk about it!
SIA's policies extend coverage to operations in international waters, such as on a cruise ship - but only if the ship takes off from and returns to the United States, the US-owned islands, or Canada. However, if your ship ports anywhere other than the United States, the US-owned islands, or Canada, once you're off the ship there's no longer any
All about SIA's Act & Merchant Finder
This past year, SIA launched the Act & Merchant Finder feature on our website where performers, vendors, and MPEP-ers with active policies can make select parts of their profile public. This feature was created with the hopes of helping our clients with free advertising as well as helping to create an ease of hire for events/venues across the U.S.
Since launching the Act & Merchant Finder, we've advertised this page to fairs, festivals, and events of the like. In response, we've received
Does the SIA event planner policy cover sub-contractors?
You've purchased SIA's event planner policy through the Music, Photos, and Event Planners (MPEP) program, but what's included with your coverage? Can sub-contractors you're hiring fall under your event planner policy? Let's talk about it!
The event planner policy provides protection against third-party bodily injury and medical claims, property damage to a venue or other third party, business legal defense fees, advertising liability, and any slander or libel claim. Your coverage is limited to
Misrepresentation and insurance fraud
Whether you're renewing your policy or starting a new one, insurers have an extensive review process once an application is received. Reviewing applications helps underwriters make sure what's on the application is both accurate and something that can be covered by the policy. After all, there's no point in buying insurance if your operation(s) are excluded by the policy you're applying for! After your application is read, an underwriter will cross check the information by Googling you/your
