Professional liability insurance for consultants is a type of business insurance that protects consultants from the risks of providing professional services to clients. Unlike advisers who may work ...

Maryland does not require lawyers to carry professional liability insurance. Oregon, West Virginia, Nebraska, and Rhode Island have forms of mandatory insurance. Many others, such as Delaware and ...

Malpractice insurance, professional liability insurance (also called professional indemnity insurance), and errors and omissions (also called E&O insurance) are closely related. But what should you ...

Even in states like California, where carrying professional liability coverage is not statutorily mandated, obtaining legal malpractice and other professional insurance can help protect law practices ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

Insurers intend to raise prices of design professional liability insurance for a third consecutive year in 2024, according to a survey of 17 leading providers. Broker Ames & Gough, which conducted the ...

The decision to buy professional liability insurance is a watershed moment for most architects and young firms. It often means that the firm has been awarded a project at a significant scale or with a ...

Explore how aggregate limits of liability work in insurance, their impact on policy coverage, and why understanding them is crucial for policyholders.

Editor’s note: This is the second in a two-part series. Negotiating any deal is often about the numbers. While financial metrics are important, there are other, sometimes underappreciated, aspects to ...

As a business professional, you’re responsible for the knowledge, expertise and services you provide to clients. As a result, clients can take legal action against you and your company when they ...

Is malpractice insurance the same as professional liability insurance? Malpractice insurance, professional liability insurance (also called professional indemnity insurance), and errors and omissions ...