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Professional liability insurance, commonly referred to as Errors and Omissions (E&O) insurance, is a type of insurance that protects professionals from financial losses related to errors or omissions in their professional services.
This type of insurance helps protect professionals from claims of negligence, malpractice, or failure to perform services as expected.
Professional liability insurance is designed to protect professionals from the financial losses resulting from claims of negligence, errors, or omissions in their professional services. This insurance can cover expenses related to legal defense costs, court costs, settlements, judgments, and other financial damages. It can also cover the costs of producing records or documents required in a lawsuit.
Professional liability insurance provides coverage for a variety of professional services, including legal or medical services, client service agreements, or professional consulting services.
It can also provide coverage for the costs associated with protecting and defending claims related to products a professional sells or provides.
Some of the benefits of professional liability insurance include protection from legal costs, coverage for errors or omissions in professional services, and potential protection from financial loss resulting from negligence or malpractice claims. This type of insurance can also provide peace of mind for those providing services, knowing that their financial interests are protected.
Overall, professional liability insurance is an important protection for those providing professional services.
This type of insurance helps protect professionals from potential financial losses related to negligence, errors, or omissions in their professional services.
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