What type of insurance protects against professional negligence claims?

Errors and omissions insurance is specifically designed to protect professionals against claims of negligence or inadequate work. This type of insurance serves as a safeguard for those providing professional services, such as consultants, lawyers, and doctors, ensuring that they are covered in the event that a client claims that they suffered a loss due to a mistake, oversight, or failure to perform a service as expected.

This coverage is essential for professionals, as it addresses claims related to errors in judgment or failure to deliver services, which fall outside the protections of general liability insurance. General liability primarily covers bodily injury and property damage claims rather than professional conduct. Property insurance, on the other hand, protects physical assets and does not cover professional actions. Lastly, workers' compensation insurance is focused on workplace injuries and does not relate to professional negligence claims. Therefore, errors and omissions insurance is the appropriate choice for protecting against claims related to professional negligence.