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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:
 

  • Failure to perform services as requested or designed.
     
  • Misrepresentation.
     
  • Failure to make recommendations, or failure of recommendations.
     
  • Breach of client confidentiality.
     
  • Unintentional dissemination of false or misleading information.

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