“Errors and omissions coverage” is another name for professional liability\u00a0 insurance. It helps protect doctors, accountants, attorneys and architects and a variety of other business professionals against negligence claims made against them.<\/p>\n
An example of an item covered by professional liability insurance would be an\u00a0 accounting mistake that causes the customer a financial loss. Professional\u00a0 liability covers claims awarded in a lawsuit.<\/p>\n
If your industry has professional standards of care, you need professional\u00a0 liability coverage. Different coverage is available for different types of\u00a0 professional liability policies such as medical malpractice\u00a0 coverage.<\/p>\n
A separate policy is necessary for professional liability coverage. General\u00a0 liability insurance and homeowner’s insurance do not cover professional\u00a0 liability claims.<\/p>\n
If you are a member of a professional trade organization, you may get a\u00a0discount on your coverage. Your local independent insurance agent can advise you of the best deals available.<\/p>\n","protected":false},"excerpt":{"rendered":"
Professional Liability Insurance “Errors and omissions coverage” is another name for professional liability\u00a0 insurance. It helps protect doctors, accountants, attorneys and architects and a variety of other business professionals against negligence claims made against them. What is Covered An example of an item covered by professional liability insurance would be an\u00a0 accounting mistake that causes … <\/p>\n