Professional Liability Explained

Professional liability covers you and your company from acts of professional negligence as a result of a mistake in your professional services.  Professional liability is also referred to as errors & omissions insurance (E&O) and malpractice insurance.  The professional liability purchased by an insurance broker is referred to as errors & omission coverage whereas, the professional liability policy purchased by a doctor is referred to as malpractice insurance. Different terms for different professions but they mean the same thing.