What is MPL insurance?
Miscellaneous Professional Liability (MPL) is a type of insurance that provides protection to individuals and businesses from lawsuits or claims arising from errors or omissions in their professional services. This type of insurance is often referred to as errors and omissions (E&O) insurance.
MPL insurance is designed to protect a wide range of professions, and typically covers the cost of legal defense, settlements, and judgments resulting from claims made against the policyholder.
MPL insurance is important because professionals can be held liable for mistakes or negligence in the course of their work, and the cost of defending against a claim or paying damages can be significant. With MPL insurance, professionals can protect their business and reputation by having financial coverage in case of any legal issues related to their services.