Professional liability insurance helps protect companies against liability and to defray defense costs following any claims for error, omission, or negligence. General liability insurance policies do not offer coverage for claims such as negligence, malpractice, misrepresentation, and more, so professional liability insurance is required by those in industries such as accounting, law, real estate, and healthcare.
Professional liability insurance can fall under different names, depending on the profession it is engaged for. These can include, “Errors & Omissions” for real estate agents and “Medical Malpractice” for those in healthcare.
This is a specialty coverage that is not provided under in-home business or business owner’s regular policies, and it only provides coverage during the policy period.
For more information on securing your business, contact Emar today!
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