What does a professional liability policy cover?
Insurers provide professional liability insurance for people in many different professions and occupations. Those who purchase professional liability insurance include physicians, dentists, veterinarians, nurses, accountants, architects, engineers, lawyers, insurance agents and brokers, and even hair stylists and tattoo artists.
The coverage provided by a professional liability policy varies with the type of professional activity being insured. For example, a physician's professional liability policy covers a patient's injuries resulting from a medical incident, whereas an accountant's professional liability policy typically covers all sums that the insured becomes legally obligated to pay because of errors or omissions in providing accounting services, excluding bodily injury or property damage. Virtually all professional liability policies are on a claims-made basis.
