Professional Liability Insurance
Professional liability insurance protects those in specialized professions from the unique legal exposures they face while performing their jobs. Depending on the context, professional liability is also sometimes referred to as E&O (errors & omissions) coverage, professional indemnity insurance, or malpractice insurance.
Accountants, nurses, engineers, and others in similarly complex fields are often either required or strongly encouraged to have professional liability. Due to the nature of their work, client expectations for individuals in these fields are understandably high, and the work itself is heavily regulated. Coverage against errors & omissions applies in instances of actual or perceived mistakes, negligence, or breaches of contract.