Understanding Professional Liability Insurance
Professional liability insurance, also referred to as Errors and Omissions or Malpractice insurance, protects professional personnel against negligence claims made by their patients or clients. Professionals who commonly turn to this type of liability insurance for coverage include architects, home inspectors, lawyers, physicians, real estate brokers and accountants — among others. Specific professional liability insurance carries different names depending on the profession. For example, professional liability insurance in the medical profession may be called medical malpractice insurance, while real estate brokers fall under errors and omissions insurance coverage.
Who Needs Professional Liability Insurance?
|Teachers||Therapists and Counselors|
|Brokers||Physical and Occupational Therapists|
|Accountants||Real Estate Agents|