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People also ask
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What does general liability vs professional liability cover?
General liability covers physical risks, such as bodily injuries and property damage. Professional liability insurance covers more abstract risks, such as errors and omissions in the services your business provides.
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What is the difference between e & o and professional liability?
Professional liability insurance, commonly referred to as errors and omissions (E&O) insurance, is a type of coverage that provides protection to professionals against claims of negligence, errors, or omissions in their professional services.
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What does professional and general liability cover?
General liability covers physical risks, such as bodily injuries and property damage. Professional liability insurance covers more abstract risks, such as errors and omissions in the services your business provides.
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What is the difference between product liability and professional liability?
Professional Liability Policies – In contrast to products/completed operations, professional liability policies respond to claims by third parties for alleged injury sustained because of the professional judgment of the covered “professional.” In this context, the term “professional” means something more than mere ...
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Why is professional liability so expensive?
For healthcare professional liability insurance, we are seeing cost increases due to generalized inflation, higher legal costs, higher costs of medical care and in some cases higher settlement/awards/verdicts payouts. Inflation and decreased returns on investments are the primary drivers.
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