Why MPL Coverage Is Important

To run a smooth business, you need an insurance policy that is unique and catered to your company. Miscellaneous professional liability, also known as errors and omissions coverage, is a vital policy for industries where an owner or employee can be held liable for human error. Here are the important facts that you need to know about MPL insurance.

 

Who Needs MPL Coverage?

MPL is a specialized policy that caters to a variety of professional industries. It is a crucial option to consider if you run a business that offers professional advice or counsel, such as:

  • Bookkeepers
  • Consultants
  • Financial advisors
  • Lawyers

MPL coverage is a vital part of protecting owners and employees from exposure to lawsuits. Without this coverage, a lawsuit could put owners and executives at risk of losing professional and personal assets.