Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Bobby L. Hickman is a longtime business and financial journalist who brings decades of ...

Professional liability insurance covers legal costs and settlements for service-related negligence. It's essential for advisors like lawyers and doctors, particularly with high risk of client claims.

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

Excess liability insurance is extra coverage that kicks in once an underlying policy hits its limits. Learn how it works and ...

Fiduciary liability insurance is a specialized form of professional liability coverage designed to protect individuals and organizations that manage employee benefit plans. This includes anyone who ...

An insurance policy that service-related businesses need is professional liability insurance. Learn about what it covers and ...