Professional liability insurance, also referred to as Professional Indemnity Insurance, protects professional practitioners against potential negligence claims created by their patients/clients. Professional liability insurance will take on different names according to the profession. As an example, professional liability insurance in reference to the medical profession may perhaps be called Wrongful death. Notary’s public usually takes out errors and omissions insurance (E&O). Other potential E&O policyholders include, for example, real estate brokers, appraisers, management consultants and website developers. There are specific E&O policies for technology companies, for instance software developers, technology consultants and other creators of technology. This coverage specializes in the failure to carry out, financial loss and error or omission of your products or services sold. Additional coverage for breach of warranty, intellectual property, personal injury, security and price of contract is usually added. Simply speaking, this coverage could benefit any business that can offer advice or gives a service – as well as being sometimes required under contract by other businesses that are the beneficiaries with the advice or service.