Professional Liability, Directors and Officers’ Liability and Cyber Liability Insurance

Description

This Skill Bit explains various types of liability insurance essential for professionals and businesses. It covers professional liability insurance (E&O insurance), which protects professionals like doctors and lawyers from lawsuits alleging negligence or errors in their work. It also details directors and officers (D&O) liability insurance, which safeguards company leaders from personal lawsuits related to alleged wrongdoings while performing their duties. Additionally, it discusses cyber liability insurance, a policy that protects businesses from financial losses due to cyberattacks, data breaches, and other IT security issues, covering legal costs and data recovery.

Duration approx. 4 Min.

Tier: proficiency