Professional liability insurance covers a variety of claims, including:
- Negligence: When a professional fails to perform their duties to the accepted standard of care, resulting in client harm. - Errors and Omissions: Mistakes or oversights in services provided that cause financial loss to the client. - Misrepresentation: Providing misleading information or advice that leads to client damages. - Breach of Contract: Failure to fulfill the terms of a contract, leading to client loss.