Professional Liability Insurance
If you have a company or business that deals with offering advice or services to your clients, then you need to consider having professional liability insurance coverage. If you are offering advice or skills as part of your work, there is a chance that your client may suffer a loss instead of an advantage and end up with a tarnished reputation or their sales might take a nosedive.
Professional liability insurance (PLI), also called professional indemnity insurance (PII), but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by clients, and damages awarded in such civil lawsuits.
While it is not always you that caused the damage, it is better to be safe than sorry. You might need a professional liability insurance policy in the event of compensating your client for the loss. Do not worry because Insurezy provides assistance in comparing professional liability insurance policies so that you secure the best possible coverage for your profession.