What is the difference between general liability and professional liability

What is the difference between general liability and professional liability

Professional liability covers more abstract risks, such as errors and omissions in the services rendered by your business if you have a professional specialty.Professional liability (errors and omissions insurance) may be required for those in a professional service industry.A general liability policy is the only type that protects business owners in a lawsuit if someone is injured on their commercial premises.For example, imagine that while repairing a roof, a skylight accidentally gets damaged, causing damage to the home.The main difference between general liability and professional liability is in the types of risks they each cover.

General liability is for claims based on.Professional liability insurance is built to protect businesses from client lawsuits.This solution is an important component of protecting the legal and financial reputation of a professional service firm.General liability covers damages that result from events not necessarily connected to your business dealings, whereas professional liability covers damages resulting from a professional service you are delivering.Professional liability generally covers financial losses versus physical losses which are covered by the cgl policy.

Professional liability covers more abstract risks, such as errors and omissions in the services your business provides.Both provide investigation and legal defense, pay out damages on your behalf, and offer peace of mind for business owners.The difference between professional liability and commercial general liability is the type of damage they'll cover you for:General liability insurance is intended for damages due to bodily injury, property damage, personal injury or advertising injury arising out of your business premises, operations or products for which your business is legally liable.General liability insurance and professional liability insurance can both protect businesses in case of lawsuits.

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