This is also often referred to as errors and omissions insurance. Business professionals carry this in the event that there is a claim brought against them for negligence or misconduct. There is professional liability insurance for lawyers, professional liability insurance for accountants, and so on. For example, this could provide coverage in the event a third party claims that something was filed incorrectly or advice was given that they feel was not correct.
If you are providing a service and are curious about errors and omissions insurance, please contact us now and check out a free quote for your professional liability insurance.
