What is the difference between Malpractice Insurance and Professional Liability?

Malpractice insurance and professional liability insurance are two terms that are often used interchangeably, but they refer to slightly different types of insurance coverage.

Malpractice insurance is a type of professional liability insurance that specifically covers medical professionals, such as doctors, nurses, and other healthcare providers. It provides protection against claims of medical malpractice, which are errors or omissions in the performance of medical services.

Professional liability insurance, on the other hand, is a broader term that can refer to coverage for a wider range of professionals, including but not limited to medical professionals. It provides protection against claims of errors or omissions in the performance of professional services in a variety of industries, such as consulting, financial services, and technology.

In summary, malpractice insurance is a type of professional liability insurance that specifically covers medical professionals, while professional liability insurance is a broader term that can cover a wider range of professionals.