What Doesn’t Professional Liability Cover?
Professional liability may exclude intentional wrongdoing, known claims, and some non-financial or contract-based costs; the policy form defines the exclusions.
The III describes professional liability as covering claims for financial loss arising from professional services, while its guidance identifies intentional and non-financial losses as limits.
Read the exclusions for dishonest acts, prior knowledge, contract duties, refunds, and fees in the actual form. Check the damages definition and defense terms before relying on the policy for a client dispute.
