Professional liability insurance, also known as errors and omissions insurance, is a type of insurance that protects businesses and individuals who provide professional services, such as consulting or legal advice, from liability for any mistakes or negligence that may occur in the course of providing those services. This type of insurance can help cover the costs of legal defense and any damages that may be awarded in the event of a lawsuit. The specific terms and coverage of a professional liability insurance policy can vary depending on the provider and the type of services being offered.
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