Bankers professional liability insurance (BPL), (BPLI)

{
  "id": "MLC-T-INS-000522",
  "term": "Bankers professional liability insurance (BPL), (BPLI)",
  "field": "Insurance and risk management",
  "definition": "A specialized form of errors and omissions (E&O) insurance designed to protect banks and their employees from claims arising from alleged wrongful acts, errors, or omissions in the performance of their professional duties. This coverage addresses financial losses incurred by third parties due to negligent advice, mismanagement of funds, or other professional misconduct. It is distinct from directors and officers (D&O) liability insurance.",
  "abbreviation": "BPLI",
  "url": "https://mlchart.com/terminology/insurance/bankers-professional-liability-insurance-bpl-bpli/"
}