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Professional
Liability:
Professional
liability insurance is designed to pay for economic damages caused
by negligent acts, errors, or omissions for which you're legally
liable. This coverage protects you if, in your professional
capacity, you do or fail to do something that causes a financial
loss to a third party. This insurance is often called malpractice or
errors & omissions insurance. It covers such professionals as
doctors, lawyers, accountants, insurance agents, engineers or
architects, consultants, real estate managers. It often covers
situations such as:
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