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Professional liability insurance is a specialty coverage for service providers such as lawyers and consultants. Professionals that operate their own businesses need professional liability insurance in addition to an in-home business or businessowners policy. This protects them against financial losses from lawsuits filed against them by their clients for negligence or failure to perform contracted services as expected.

For more details, click: http://www.iii.org/article/do-i-need-professional-liability-insurance

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