Professional liability insurance, or errors and omissions insurance, protects businesses and professionals from claims like negligence, misrepresentation, and inaccurate advice not covered by general liability insurance. Required in some states for professions like doctors and lawyers, it’s also recommended for accountants, architects, IT consultants, and others. Policies are usually claims-made or occurrence-based, covering legal defense and judgments but excluding intentional acts. Coverage varies by business size and risk.
