The three main types of liability insurance include general liability, professional liability, and product liability:
General Liability: Applies to accidents like slip and falls which is why it's also called slip and fall insurance. Covers a wide variety of different accidents, injuries, or property damage in or around your place of business.
Professional Liability: Often called errors and omissions insurance or malpractice insurance. This coverage applies to accidents, injuries, and property damage that result from the actual services you provide.
Product Liability Coverage: Protects you when someone has a bad reaction to a product you introduce to the session. If you’re a massage therapist and a client has a severe allergic reaction to your massage oils, they may decide to seek legal action to get compensated for all the medical bills they had.
NACAMS knows just how important these three liability insurance forms are which is why we include a $3 million individual annual aggregate and a $2 million per occurrence limit for general and professional liability and a $2 million limit for product liability coverage.