Which policy generally provides protection for professional malpractice claims?

The Professional Liability Policy is designed specifically to provide coverage for claims arising from professional malpractice or errors and omissions in the professional services provided by individuals in various fields. This type of policy protects professionals, such as doctors, lawyers, accountants, and consultants, from financial losses resulting from negligence claims made by clients.

The key feature of a Professional Liability Policy is that it addresses the unique risks associated with different professions, where the consequences of mistakes can be significant, potentially leading to legal action for damages. This dedicated coverage is essential for professionals because it mitigates the financial impact of legal defense costs and settlements that may arise from such claims.

In contrast, the General Liability Policy primarily covers bodily injury and property damage claims rather than professional negligence. A Business Owners Policy typically combines several coverages but also does not specifically address malpractice claims. Lastly, a Commercial Crime Policy focuses on losses related to criminal acts, such as theft or fraud, rather than malpractice or errors in providing professional services. Thus, the Professional Liability Policy is the most appropriate choice for protection against professional malpractice claims.