What is Professional Liability Insurance?
Often called Errors and Omissions Insurance, professional liability insurance, this coverage protects against claims filed against a business for failing to perform a service or performing a service incorrectly.
What Damages are Covered?
Insurance coverage would be provided for restitution of a clients loss and for defense costs for any litigation filed.
Disclosure: CBA is a social enterprise that receives affiliate or broker commissions from companies that provide financial wellness products and services and other benefit programs to our members. A minimum of 10% of all CBA profits are directed to youth education initiatives.