Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Bobby L. Hickman is a longtime business and financial journalist who brings decades of ...

As a business professional, you’re responsible for the knowledge, expertise and services you provide to clients. As a result, clients can take legal action against you and your company when they ...

General and professional liability insurance protect against different business risks. You may need both. Many, or all, of the products featured on this page are from our advertising partners who ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

This spring some insurance companies have begun to introduce AI exclusions in professional liability policies intended to restrict or eliminate coverage otherwise available for professional services ...

Is malpractice insurance the same as professional liability insurance? Malpractice insurance, professional liability insurance (also called professional indemnity insurance), and errors and omissions ...

Facing a professional liability claim can generate strong emotions. If a CPA discovers an error on a previously filed tax return, emotions may include guilt about ...

With an aging workforce, increasing demand for services, and a decline in accounting graduates, it’s challenging for CPA firms and finance departments to find enough qualified people to do the work.

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Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Contractors may consider buying a contractors ...

Professional liability insurance covers legal costs and settlements for service-related negligence. It's essential for advisors like lawyers and doctors, particularly with high risk of client claims.