Based on Hiscox claim data from 1/1/2016-1/30/2019
PROFESSIONAL LIABILITY (PL)
Also known as errors and omissions, or E&O, coverage, this protects you from claims of negligence during the course of conducting business. You’re protected even if you haven’t made a mistake.
GENERAL LIABILITY (GL)
Protects your business from a third party’s claims of bodily injury, property damage, and personal injury like slander and libel.
PL CLAIM EXAMPLE
Faulty memory card:
You have been contracted to photograph an event, and your memory card fails causing you to lose all your photographs. You are devastated, and your client makes a claim against you for failure to deliver the photographs, as promised. Professional liability insurance could protect you and your business against claims of negligence even if the loss was caused by an unavoidable technical glitch.
GL CLAIM EXAMPLE
As a graphic designer, you may sometimes attend trade shows. If you bring a large graphic to display and a visitor to the booth trips over it, injuring herself and files suit, you could be protected. General liability insurance protects against third-party claims of bodily injury, associated medical costs, and property damage.
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Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services.
This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.