Helpful Small Business Insurance Terms and Definitions
General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
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Certificate of Liability insurance
Liability Insurance that covers lawsuits when you are sued for professional errors or omissions.
Sometimes referred to as Errors and Omissions Insurance, Professional Liability Insurance protects your business in the event that it makes a mistake or oversight that causes someone else a financial loss.
In other words, it covers you when work done as part of your job description causes a loss (or perceived loss). It can help pay for legal defense, settlements, and judgments.
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