Professional Liability

Professional Liability:

Professional liability is a great way to limit your liability exposure as a business owner. You may have heard of errors and omissions insurance, another name for professional liability insurance, which limits your liability exposure from mistakes you or your employees may make with your business. For example, an accountant who fails to file their client’s taxes on time may be sued if their client is penalized by the IRS. This negligence may be covered under a professional liability policy.