What is the purpose of professional liability insurance?

Professional liability insurance is designed to protect professionals from the potential costs of litigation and negligence claims that may arise from the services they provide. It is a form of insurance that is specifically tailored to cover damages related to malpractice, negligence, errors, and omissions. In New Hampshire, this type of insurance provides coverage for medical professionals, like physicians, dentists, and surgeons; legal professionals, like attorneys and paralegals; and other professionals, like architects, engineers, and accountants. It also covers individuals who work as financial advisors. The purpose of professional liability insurance is to protect a professional from financial losses that may result from negligence or malpractice. This type of insurance is important because it can help protect a professional’s finances if they are found liable for damages caused by their actions. With professional liability insurance, a professional can receive financial compensation for any losses they incur due to a claim against them. Overall, professional liability insurance is a crucial consideration for any professional in New Hampshire. It protects professionals from potential financial loss caused by negligence or malpractice, and helps to ensure that professionals can continue to do their work without fear of losing money.

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What is the purpose of professional liability insurance?

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