Professional liability PL

{
  "id": "MLC-T-INS-002704",
  "term": "Professional liability PL",
  "field": "Insurance and risk management",
  "definition": "Insurance that protects professionals, such as doctors, lawyers, architects, and consultants, against claims of negligence, errors, or omissions in the performance of their professional services. This coverage is also known as errors and omissions (E&O) insurance. It covers legal defense costs and damages awarded if a client alleges financial harm due to professional malpractice.",
  "url": "https://mlchart.com/terminology/insurance/professional-liability-pl/"
}