Professional Liability Insurance
/ˌproʊˈfɛʃənəl laɪəˈbɪləti ɪnˈʃʊərəns/
Definitions
- (n.) Insurance that protects professionals against claims of negligence, errors, or omissions arising from their professional services.
The lawyer purchased professional liability insurance to cover potential malpractice claims.
Forms
- professional liability insurance
Related terms
See also
Commentary
Often called errors and omissions insurance, this coverage is critical for professionals to manage risks associated with their advisory or technical services.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.