Which of the following is an example of Professional Liability insurance?

Professional Liability insurance, often referred to as Errors and Omissions (E&O) insurance, is designed to protect professionals against claims of negligence, errors, or omissions in the course of providing their professional services. Medical malpractice insurance is a specific type of professional liability insurance that offers coverage for healthcare providers, including doctors and nurses, against claims of negligence in their medical practice.

This type of insurance is essential for professionals who provide services based on specialized knowledge or skills, as it helps cover the legal costs and any settlements or judgments that may arise from lawsuits alleging inadequate or substandard professional service. The focus on negligence and professional standards differentiates it from other types of insurance like general liability, which covers more general accidents, or property insurance, which deals with damage to physical assets.