General liability insurance and professional liability insurance are both types of business insurance that provide coverage for different risks. General liability insurance protects businesses against claims of bodily injury, property damage, and advertising injury caused by their operations or products. It also covers legal costs and judgments in case of a lawsuit.
On the other hand, professional liability insurance, also known as errors and omissions insurance, is designed to protect professionals from claims arising out of professional negligence, errors, and mistakes. This type of insurance is essential for industries where advice or services are provided, such as doctors, lawyers, architects, and consultants.
While general liability insurance covers a broad range of accidents and injuries, professional liability insurance specifically addresses claims of professional mistakes or negligence. It provides financial protection for professionals if they are sued for errors, omissions, or negligence in the course of their work.