Professional Liability Insurance NJ

David G. Sayles Insurance
Solutions for today’s litigious business environment.​

Get Asset Protection with Professional Liability Insurance Products

The threat of litigation for a company is part of doing business. Professionals are held to a level of standard of care that if not met could end up landing them in court. Leadership is at risk of lawsuits coming from investors and shareholders, disgruntled employees and other third parties claiming wrongdoing. Workplace disputes are prevalent for all size business with exposures ranging from discrimination to wrongful termination and other issues. Companies that provide benefit packages could be found in breach of their fiduciary responsibility.

All of these potential require an expert hand in putting together the insurance coverages required to respond in the event of a claim. David G. Sayles Insurance Services provides a portfolio of professional liability or management liability insurance products that addresses the various exposures businesses face today.

Errors & Omissions (E&O) Liability Insurance

All professionals should carry errors and omissions (E&O) insurance. This includes architects and engineers, contractors in design/build work, accountants, attorneys, importers/exporters, physicians, property managers and real estate agents, among many others. An E&O insurance policy is designed to help professionals pay for the costs involved in claims alleging financial damages as result of the work performed. Costs incurred for defense expenses, settlements and damage awards are typically covered under errors & omissions insurance. Some insurers offer policies that provide legal defense costs outside of liability limits. Also, policies can be designed for professionals who are winding down their careers but want coverage that will be in effect during their retirement.

Directors & Officers Liability Insurance

We offer Directors and officers insurance (D&O) insurance to privately and publicly held companies, non-profits and associations. D&O insurance covers directors and officers of a company for errors, negligence, and failures to comply with regulations regarding company finances or operations in a broad sense. Legal fees, settlements and some damages are typically covered. Some policies will also help pay for investigative costs. To determine the best D&O options for your organization and leadership, our staff will examine your bylaws, organizational structure and activities with you. There are multiple types of policies, each responding to a different need. Side A coverage insures individual directors and officers to protect their personal assets. Side B coverage reimburses the company for costs incurred when the company indemnifies directors and officers in a claim. Side C coverage protects the company itself when it is named as a defendant in a claim.

Employment Practices Liability Insurance

Tighter regulations, a more proactive EEOC and an increase in the number of lawsuits being filed have employers becoming more vigilant when it comes to employee-related issues. Issues can revolve around allegations of discrimination, wrongful employment termination, sexual harassment, wage and hour disputes, etc. that could result in significant company losses. We offer employment practices liability insurance (EPLI) policies designed to protect a business against the costs associated with allegations of wrongful employment practices. EPLI insurance can cover legal costs, settlements and damages assessed against your company and respond to claims against all employee and management levels.

Fiduciary Liability Insurance

If your company sponsors an employee benefit plan, you have some risks surrounding your enterprise that fall under the general category of “fiduciary liability.” Fiduciary liability insurance protects you against allegations that the fiduciary—the money or benefits handler—has breached his or her duty. Allegations can focus on an error or negligence in administering a plan, including but not necessarily limited to misinterpretation of plan documents, providing imprudent investment options to plan participants, misrepresenting investments, mishandling enrollment or other paperwork, and giving bad advice or faulty instructions to participants. Fiduciary liability insurance can be issued to either the employer that sponsors the benefits plan or to the plan itself. It is appropriate for retirement plans, health plans, life insurance and disability plans, and employee benefits plans of all kinds.

We also offer package policies, including Business Owners Policies and Commercial Package Policies, and will be happy to review and determine which is right for your company and industry sector. Our current clients
include importers & exporters, wineries &
breweries, manufacturers, and non-profits, to
name a few.


We’re always
accountable to you.

Let David Sayles Insurance Services help you with your insurance program. Our unique talented and experienced team of professionals is ready to provide you with the service you deserve and the insurance you need. Give us a call at 800-439-0292 to go over your specific needs.