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

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 ...

Malpractice insurance, professional liability insurance (also called professional indemnity insurance), and errors and omissions (also called E&O insurance) are closely related. But what should you ...

A directors and officers liability insurance policy includes three coverages: individual coverage (protects company leaders), corporate reimbursement (reimburses a company for legal fees it pays on ...

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.