Professional Liability

Professional Liability insurance, also known as Errors & Omissions (E&O) or Malpractice insurance provides coverage to defend and indemnify the insured against claims alleging negligent acts, errors or omissions in the performance of professional services (wrongful acts). The policy limit of liability typically includes defense costs, meaning that the limit is eroded and can be exhausted by legal fees and other defense costs. Careful consideration should be made when deciding on an adequate limit of liability.