Professional liability insurance policies can help cover legal expenses to defend against such frivolous or unfounded lawsuits. Even for professionals working as an employee of an organization with its own malpractice insurance, it is a good idea to maintain an individual policy to ensure complete coverage.
Any professional with fiduciary responsibility for another individual, such as lawyers, accountants, bookkeepers and insurance agents, should have some kind of liability insurance coverage to offer protection in the event of calculation errors or misguidance.
Medical professionals, should have medical malpractice insurance to cover claims regarding medical mistakes, misdiagnosis or situations where a patient suffers injury or monetary damages. In some cases, doctors and other professionals have been sued without committing an error.