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May 2012
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There are many kinds of insurance like life insurance, health insurance, auto insurance but it is my first to learn about Professional Liability insurance.

What is professional liability insurance? This type of insurance is most commonly known as Errors and Omissions insurance. This insurance is for  companies providing IT services or service-providing individuals.  Professional liability insurance protects companies from bearing the full cost of defending against professional negligence or failure to perform your professional duties claim made by a client.  This might include errors and omissions resulting in loss of client data, software or system failure, claims of non-performance, or negligent oversell.

I’m happy i’ve learned about this type of insurance. In the future, my daughter will practice her IT carreer. And she might need this type of insurance someday.

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