Question

Independent contractors should purchase __________ liability insurance, which provides protection from liability as a result of errors and omissions when performing their professional services.

Answer 1

Answer:

professional liability insurance

Explanation:

Professional liability insurance protects businesses (an independent contractor is a one person business) against liability resulting from errors and omissions. It covers any harm caused to a customer as a result of professional service or advice. This type of policy generally covers negligence, copyright infringement, personal injury, etc.

Professional liability insurance is generally purchased by businesses that offer the following services:

1. professional service s
2. professional advice
3. contractual services