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Professional Liability
As a professional, it’s your responsibility to adhere to certain standards and best practices for your industry. If a client feels that you made a mistake or oversight with your services, they could claim that you didn’t meet those standards and sue your company for economic damages.
Professional liability insurance, or errors and omissions insurance, protects you in the event that a client accuses your business of making a mistake (an error) or failing to do something (an omission) – even if that claim proves to be unfounded.
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