What type of insurance protects against claims for legal errors while providing professional services?

Errors and omissions insurance is specifically designed to protect professionals from claims arising due to negligent acts, errors, or omissions that occur while providing their services. It addresses claims for legal mistakes that can result in financial loss to clients, such as inadequate advice or failure to perform a service as promised. This type of insurance is particularly crucial for professionals in fields like law, accounting, and consulting, where the risk of making an error that could lead to litigation is present.

The other types of insurance mentioned serve different purposes. Liability insurance is a broader category that includes various forms of coverage for injuries or damages to third parties but does not specifically address the nuances of professional services. Excess insurance typically provides additional coverage beyond what standard liability policies offer, but does not specifically pertain to errors and omissions. Workers' compensation insurance, on the other hand, covers employees for injuries sustained on the job and is not focused on protecting professionals from claims related to their service-related mistakes. Thus, errors and omissions insurance is the most relevant form of coverage for legal claims related to professional services.