Discover how professional liability insurance protects against negligence claims, its costs, and why it's crucial for professionals like lawyers and doctors to have this coverage.

Professional liability insurance helps pay for costs stemming from client claims of financial harm. Professional liability coverage is essential for advisors like lawyers, accountants, and engineers.

No one expects to be responsible for a catastrophic event that injures someone else or their property, but it happens. And it can be expensive. That’s where liability insurance comes in. Instead of ...

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

Crum & Forster (C&F) announces its new Professional Liability Insurance coverage for Chief Information Security Officers (CISOs). This new solution is designed to protect CISOs from personal liability ...

This spring some insurance companies have begun to introduce AI exclusions in professional liability policies intended to restrict or eliminate coverage otherwise available for professional services ...

Sarah Li Cain is a finance writer and a Candidate for the Accredited Financial Counselor© designation. She’s written for the Financial Planning Association, Netsuite and other notable publications.

Umbrella insurance is a type of liability coverage that kicks in when your other policies (like auto or homeowners) max out.

Insurance commissioners serving as liquidators of insolvent insurance companies should be mindful of the potential for personal liability arising under the Federal Priority Act (FPA) and potential ...

Professional liability insurance for consultants is a type of business insurance that protects consultants from the risks of providing professional services to clients. Unlike advisers who may work ...