Professional liability insurance covers legal costs and settlements for service-related negligence. It's essential for advisors like lawyers and doctors, particularly with high risk of client claims.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

General liability insurance protects businesses against claims that they’ve harmed a person or their property. Many, or all, of the products featured on this page are from our advertising partners who ...

E&O insurance guards your business against lawsuits brought by dissatisfied customers. Find out what it covers and costs, and whether you really need it.

An insurance policy that service-related businesses need is professional liability insurance. Learn about what it covers and protects against.