Professional Liability (PL) policies are usually written on forms developed by individual insurers. Their provisions can vary among policies for different professions and among policies from different insurers for the same profession. Generally, PL policies cover named insureds and their trustees, directors, officers, and partners against damages arising from their acts, errors, or omissions as professionals and for their vicarious liability for their employees or assistants. Please note the following:

• See Malpractice Insurance for the definition applicable to the healing arts.
• See Errors and Omissions Insurance for the definition applicable to those in professions such as law and accounting. Errors and omissions exposure exists for many other kinds of businesses, like travel agencies and telephone exchanges.