Professional Liability Insurance

Professional Liability Insurance (PLI)

Professional liability insurance helps cover you and your company if you make a mistake in your professional services. Professional liability insurance in insurance that protects professional such as accountants, lawyers, and physicians against negligence and other claims initiated by their clients.

Key features of PLI :-

• Professional liability insurance is used in businesses to protect against claim of negligence.
• Professional such as accountants and doctors use this insurance to protect themselves against client claims of negligence or malpractice.
• Professional liability insurance is also referred to as medical malpractice insurance or errors and omissions insurance, depending on the professional.

Who needs professional liability insurance?

Professional who have expertise in a specific area require this type of insurance because general liability insurance policies do not offer protection against claims arising out of business of professional practices such as negligence malpractice or misrepresentation.