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.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Bobby L. Hickman is a longtime business and financial journalist who brings decades of ...

Businesses that provide services for a fee should have professional liability insurance, which is widely available. Many, or all, of the products featured on this page are from our advertising ...

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 ...

As the United States marks its 250th anniversary in 2026, an exploration of the American legal profession reveals an ...

"As we continue to the work more remotely, and go into an economic downturn, we can expect potentially more malpractice claims," survey leader Eileen Garczynski said. The legal industry has a problem, ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

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