In addition, there are many other professions where errors & omissions from services being provided can result in liability with potentially very large settlements or court awards. Miscellaneous Professional Liability (MPL) and Professional Errors & Omissions are used synonymously to describe the insurance products available to cover these risks. Generally speaking, insurance is provided to cover costs from claims regarding the inadequacy of professional services in those situations where a fee has been charged for the service.
Examples of classes of MPL business include (but are not limited to) the following:
