With headlines regularly spotlighting giant data breaches at Fortune 500 companies, sometimes involving millions — in a few cases even hundreds of millions or billions — of compromised customer accounts, it’s easy to assume that privacy breaches are a concern only for the largest organizations.
Professional liability coverage — often referred to as Errors & Omissions insurance — is a specialty coverage for various professions that provide expert services and therefore are held to a higher standard of care in their industry. If your business performs a service or provides advice for a fee you may have a professional liability exposure.
