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

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

A part of A Professional’s Guide to Business Insurance Coverage course.