Professional Liability Insurance

Professional Liability Insurance is specialty insurance that covers business professionals in the event that a client alleges malpractice, negligence, or misrepresentation. This type of insurance covers the costs associated with claims of this nature. Professional Liability Insurance is purchased when a company’s business insurance policy does not cover the specific scenarios that a Professional Liability Insurance policy covers. Some Professional Liability Insurance policies are often referred to by the name of the industry, i.e. Medical Malpractice insurance for doctors and Errors and Omissions insurance for real estate agents.

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