What is the difference between general liability insurance and professional liability insurance?

As a lawyer, I am happy to provide legal advice on the difference between general liability insurance and professional liability insurance.

General liability insurance is a type of insurance policy that provides coverage for damages and injuries caused by a business to third parties, such as customers or members of the public. This type of insurance is typically designed to cover claims related to property damage, bodily injury, and advertising injury, among other things.

On the other hand, professional liability insurance, also known as errors and omissions insurance, is a type of insurance policy that provides coverage for claims related to professional services provided by a business. This type of insurance is typically designed to cover claims related to negligence, errors or omissions, or other professional misconduct.

While both types of insurance policies provide coverage for a business, there are some key differences between the two. For example, general liability insurance is designed to cover claims related to the business’s day-to-day operations, while professional liability insurance is designed to cover claims related to the provision of professional services by the business.

Another key difference between the two types of insurance policies is the types of claims they cover. General liability insurance typically covers claims related to bodily injury, property damage, and advertising injury, while professional liability insurance typically covers claims related to professional negligence or misconduct.

It is important to note that both types of insurance policies come with limitations and exceptions. For example, many general liability insurance policies exclude coverage for intentional acts or criminal acts, while many professional liability insurance policies exclude coverage for claims related to intentional or fraudulent acts.

If you are a business owner, it is important to review your insurance policies carefully to understand the coverage you have and any limitations or exceptions that may apply. If you have any questions or concerns about your insurance coverage, it may be helpful to consult with a licensed attorney or insurance professional for further guidance.

In conclusion, the difference between general liability insurance and professional liability insurance lies in the types of claims they cover and the specific contexts in which they apply. Both types of insurance policies come with limitations and exceptions, so it is important to review your policies carefully and seek legal advice if you have any questions or concerns.