- Professional liability is not the same as general liability.
- Coverage is often connected to professional services.
- Definitions of covered services matter.
- Policy exclusions can dramatically affect protection.
- Claims-made structures require careful attention.
- The retroactive date can be important.
- Prior acts coverage can matter when switching insurers.
- Reporting requirements can be strict.
- Late notification can create complications.
- Defense costs may interact with policy limits.
- Defense inside versus outside limits can materially change protection.
- Deductibles or self-insured retentions can be significant.
- Contractual liability may be treated differently from negligence.
- Certain industries require specialized professional coverage.
- Cyber incidents may not be fully addressed by professional liability.
- Employment disputes may require separate coverage.
- Fraud and intentional misconduct may be excluded.
- Regulatory investigations may receive different treatment.
- Subcontractor work should be evaluated.
- Geographic coverage matters for international businesses.
- Policy wording matters more than marketing descriptions.
- Compare equivalent retroactive dates when shopping.
- Ask what happens when changing insurers.
- Have unusual contractual requirements reviewed before purchasing.
- Don’t choose solely on premium—compare the actual coverage architecture.
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