Professional Liability Insurance
Coverage that protects service providers against claims alleging negligence, errors, or omissions in the professional services they provide
Detailed Explanation
Also known as errors and omissions (E&O) insurance or malpractice insurance for medical professionals, this coverage is essential for any business that provides professional advice or services.
Practical Example
A web design firm creates a website with accessibility issues, leading to an ADA compliance lawsuit against their client. The firm's professional liability insurance covers their legal defense and the settlement to resolve the claim.
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