Professional liability insurance is also referred as the omissions and errors insurance. As per the preconceived notions, the professional liability insurance is not merely for lawyers and doctors but for many other professionals belonging to different fields. Many of the self employed professionals incorporative of veterinarians, nurses, medical technicians, accountants, insurance agents, engineers, real-estate agents and architects also need the professional liability insurance.
It is your very own professional association and trade that can aptly tell you regarding the need of exposure to the liability insurances. The premiums can be though expensive, especially if you are involved in some high risk business like the medicine business. But the insurance coverage that you get in these liability insurances is really worth as they get you immense peace of mind. As the professional liability insurance is a little expensive and slightly tough to find for availing the services, it actually pays to compare several of the insurers.