What is professional liability (Malpractice) insurance?
Professional Liability (sometimes called Errors & Ommissions), also called malpractice insurance, protects the professional (Doctors, attorneys, architects and many other professionals) from errors, ommissions or adverse events arising from that professional’s practice. Majority of professional liability policies are written on a “Claims Made” basis, whereas majority of “General Liability” policies are written on “Occurrence” basis. Some carriers may also offer professional liability on an Occurrence form.
