What is the difference between general liability insurance and professional liability insurance?

As a lawyer, I can explain the difference between general liability insurance and professional liability insurance.

General liability insurance covers bodily injury, property damage, and personal injury claims that arise from the day-to-day operations of a business. It may also cover claims related to advertising and contractual liability. This type of insurance is important for any business to have in order to protect against unforeseen accidents or incidents that may occur on the premises.

Professional liability insurance, on the other hand, protects professionals from claims made by clients or customers for services rendered or advice given. This type of insurance is commonly referred to as errors and omissions (E&O) insurance. It is particularly important for professionals who provide services that may be subject to legal action or litigation, such as doctors, lawyers, architects, and financial advisors.

In general, professional liability insurance covers claims related to negligence, misrepresentation, and breach of contract. It can also cover claims related to errors or omissions in the professional's work or advice. The coverage may vary depending on the policy and the specific profession.

While general liability insurance is important for any business owner, professional liability insurance is particularly important for those who provide professional services. Without this coverage, professionals may be exposed to costly legal action and damages. It is important to consult with an experienced insurance broker to understand the specific risks and coverage needs of your profession.

It is important to note that there may be certain limitations or exceptions to the advice given above. For example, the specific coverage and exclusions of these types of insurance policies may vary by jurisdiction or profession. Additionally, certain professions may be required to carry professional liability insurance as a condition of licensure.

If you have further questions or require legal advice specific to your situation, it is recommended to consult with a licensed attorney in your jurisdiction.