Professional Liability Insurance

 

Professional Liability Insurance

Professional liability insurance (PLI) is a type of liability insurance that helps protect professional advice and service-providing businesses from the full cost of defending themselves against negligence claims, as well as damaged awarded in a civil lawsuit. It may also provide for defense costs, including in situations when legal action is proven groundless. PLI is also called Professional Indemnity Insurance (PII) and more commonly Errors & Omissions (E&O) Insurance.