A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have harmed clients is termed as .....

INSURANCE AWARENESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have harmed clients is termed as ____

A	Gap Insurance
B	Malpractice Insurance
C	Inflation Guard Clause
D	Inland Marine Insurance

Explanation:

Detailed explanation-1: -What Is Professional Liability Insurance? Professional liability insurance helps cover you and your company if you make a mistake in the professional services given to a customer or client. This coverage is also known as errors and omissions insurance (E&O).

Detailed explanation-2: -Specialised Professional Indemnity or Errors and Omissions Insurance is designed to indemnify the insured against claims from clients or customers that allege financial losses arising out of deficient or erroneous professional services, or even claims alleging non-compliance of contractual obligations.

Detailed explanation-3: -What is E&O insurance? E&O insurance is a kind of specialized liability protection against losses not covered by traditional liability insurance. It protects you and your business from claims if a client sues for negligent acts, errors or omissions committed during business activities that result in a financial loss.

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GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS