Professional Liability Insurance

Bonano Insurance08 Jul, 2024Legal

While commercial umbrella insurance provides extensive coverage, it does not cover all scenarios. Exclusions include professional liability insurance claims, such as malpractice suits against doctors or claims against CPAs. It also does not extend to commercial property insurance, meaning it won't cover costs like those arising from damage to the business?s own property due to events like fires. Understanding these exclusions is vital for businesses to ensure that they are adequately protected and aware of the limitations of their umbrella policy.