It’s a type of insurance that protects professionals against claims made by their clients for mistakes, negligence, or failures in the services they provide.
Yes. While both cover legal costs, general liability insurance typically covers bodily injury, property damage, and advertising injuries, whereas professional liability focuses on errors and omissions in services rendered.
Professionals like doctors, lawyers, architects, engineers, consultants, accountants, and many others who provide services or advice to clients.
Claims for negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice.
Premiums are based on factors like the type of profession, location, years of experience, coverage limits, and the history of past claims.
It depends on the profession and location. Some professions or states may require it, while others might not.
Typically, yes. Most policies cover defense costs, settlements, and judgments, but it’s important to read the specifics of your policy..
Yes, but it may be more expensive, or there might be specific exclusions related to past incidents.