What Is The Difference Between
Professional Liability Insurance and Business Liability Insurance

There is no doubt Liability Insurance is critical for any small business owner to obtain, but it is also critical that as a business owner you understand exactly what coverage is included in your liability insurance policy. It is commonly believed that if you have liability coverage, your company is completely covered for all mishaps, incidents or unfortunate occurrences (including negligence). However you are probably only covered for typical accidents or mishaps that happen, on your property or wherever you are conducting business, to any employee or customer. It is not likely that you are covered for negligent incidents, mishaps or accidents that occur while performing the actual professional services.

If you only have Business Liability Insurance coverage (AKA: Commercial General Liability Insurance), that is probably the case. In order to protect yourself from accidents or negligence that may happen during or as a result of your professional services, you also need liability coverage called Professional Liability Insurance (AKA: Errors and Omissions Insurance). Below we describe and provide examples of both types of liability insurance coverage, so you are informed when purchasing your small business insurance policies.