In these disruptive times, various professionals find themselves on the front lines, working in essential services. Healthcare workers, accountants, engineers, and architects, among various others, are part of these essential services teams. These may be unchartered times, but it remains certain that all these professionals continue to owe a duty of care to their clients to perform their services to the standards outlined by each of their professions.
Professional liability insurance (sometimes called Errors and Omissions insurance) is coverage for qualified professionals against claims alleging negligent acts, errors, or omissions in the performance of services that they are certified, licensed, accredited, trained, or otherwise qualified to provide. The rapidly changing employment and regulatory landscape associated with COVID-19 has created new, unanticipated challenges that both insurers and insureds should consider when assessing their liability exposure.
To learn more about these legal updates, read the full article here.