Insurance coverage for accountants to protect against liability lawsuits arising from their professional activities.
Errors and Omissions (E&O) Liability Insurance is a type of professional liability insurance that protects professionals and companies from claims of negligence or inadequate work.
Malpractice refers to the improper, illegal, or negligent professional activity or treatment, especially by a medical practitioner, lawyer, or public official.
Professional Indemnity Insurance (PII) is a type of insurance that provides coverage for professionals and businesses to protect against claims for negligence, errors, and omissions in the service or advice they provide to clients.
Professional liability arises when an individual, presenting themselves as an expert in a particular field, is alleged to have committed negligent acts or omissions while rendering their professional service. This form of liability is prevalent among professionals such as physicians, attorneys, and Certified Public Accountants (CPAs).
