What is the difference between general and liability insurance?
General liability covers physical risks, such as bodily injuries and property damage.
Professional liability insurance
What Is Professional Liability Insurance? Professional liability insurance helps cover you and your company if you make a mistake in the professional services given to a customer or client. This coverage is also known as errors and omissions insurance (E&O). Even if you're an expert in your business, mistakes happen.
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covers more abstract risks, such as errors and omissions in the services your business provides.
What is an example of liability insurance?
For example, if someone gets hurt on your company's premises and decides to sue you because it's alleged that the incident was due to your negligence, expenses arising from legal proceedings (defence or investigation costs) would be covered by your liability insurance.