Which type of insurance protects against errors and omissions in professional services?

The type of insurance that specifically protects against errors and omissions in professional services is professional liability insurance. This coverage is essential for professionals such as consultants, accountants, and healthcare providers, as it safeguards them from claims resulting from negligence, mistakes, or failures in their work.

Professional liability insurance is designed to cover legal fees, settlements, and judgments that arise from a claim, allowing professionals to manage the risk of lawsuits that may arise from their professional actions. This type of policy recognizes the unique risks associated with providing specialized services where the potential for errors or unethical behavior can lead to significant financial losses or damage to clients.

In contrast, general liability insurance typically covers bodily injury, property damage, and personal injury claims, but does not extend to professional mistakes. Occurrence insurance addresses issues that happen during the policy period, but it is not specifically tailored to errors or omissions in professional services. Claims-made policies provide coverage only if a claim is made while the policy is active, which may not cover past actions unless continuous coverage is maintained, and is not specifically focused on professional liability.

Thus, professional liability insurance is the most appropriate and effective form of protection for professionals against errors and omissions involved in their services.