What type of insurance covers professionals against claims from negligent acts or errors in their services?

The type of insurance that specifically protects professionals against claims related to negligent acts or errors in their services is Errors and Omissions insurance. This insurance is crucial for professionals who provide advice or services in various fields, such as real estate, law, and finance.

Errors and Omissions insurance covers the legal costs and any damages related to claims made by clients who believe they have suffered a loss due to the service provider's negligence or failure to perform their duties as expected. It effectively safeguards the financial stability of professionals by ensuring they can defend against claims that may arise from simple mistakes or oversights in their work. This protection grants peace of mind when taking on the inherent risks associated with offering specialized services to clients.

Liability insurance is broader and may cover various liabilities, not solely tied to professional errors. Business interruption insurance is designed to cover lost income due to situations that prevent a business from operating, such as natural disasters, while property insurance provides coverage for physical assets owned by the business. Thus, Errors and Omissions insurance is the most pertinent choice when addressing claims specifically related to professional services.