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

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 ...

Even in states like California, where carrying professional liability coverage is not statutorily mandated, obtaining legal malpractice and other professional insurance can help protect law practices ...

Maryland does not require lawyers to carry professional liability insurance. Oregon, West Virginia, Nebraska, and Rhode Island have forms of mandatory insurance. Many others, such as Delaware and ...

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

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 ...

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

Here’s how to make sure you’re covered if you are deemed responsible for harming someone else or their property Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

Professional liability insurance for consultants is a type of business insurance that protects consultants from the risks of providing professional services to clients. Unlike advisers who may work ...

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.