What type of insurance protects businesses from risks associated with design and professional services?

Professional Liability Insurance is specifically designed to protect businesses and professionals from claims arising from errors, omissions, or negligence that occur in the performance of their professional services. This type of insurance is particularly important for architects, engineers, consultants, and other professionals who provide design or advisory services, as it covers the risks associated with advising clients or providing a service that could potentially lead to financial loss due to mistakes or failure to meet standard industry practices.

In contrast, other types of insurance do not address these specialized professional risks. Worker's Compensation Insurance is aimed at helping cover employees who get injured on the job. Commercial General Liability Insurance covers bodily injury and property damage resulting from business operations but does not include the professional services aspect. A Business Owner Policy provides a bundle of basic coverages suited for small businesses but does not specifically cater to the unique risks associated with professional services or design work. Thus, Professional Liability Insurance is the most appropriate choice for safeguarding against those specific risks.