Professional Liability Cover
Professionals are expected to have extensive technical knowledge or training in their areas of expertise. They are also expected to perform the services for which they were hired according to the standards of conduct in their profession. If they fall short of the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business. Professional liability insurance covers you for any negligence or errors or omissions you might make in serving a client. The coverage can extend to your employees and independent contractors you hire. In India, this type of insurance is commonly known as "errors and omission liability" or "malpractice insurance" for those in the medical field.
