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What Is Professional Liability Insurance?

By Catherine BrockUpdated Dec 18, 2024 at 2:42 PM

Key Points

  • Professional liability insurance helps pay for costs stemming from client claims of financial harm.
  • Professional liability coverage is essential for advisors like lawyers, accountants, and engineers.
  • Premium costs are usually $500 to $1,000 per employee, but can be influenced by other factors.

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