Professional liability refers to the legal responsibility that professionals, such as doctors, lawyers, and accountants, have to their clients for any harm caused by their negligent actions or failure to perform their duties. This type of liability arises when a professional does not meet the accepted standards of their profession, leading to financial loss or injury to a client. To protect themselves from potential claims, many professionals purchase professional liability insurance. This insurance helps cover legal costs and damages if a client sues for malpractice or negligence. Having this coverage is essential for professionals to safeguard their practice and financial stability.