What is the Difference Between Business Liability Insurance, Professional Indemnity Insurance, and Directors and Officers Liability Insurance?

Here are the differences:

Professional Liability
In certain professions, you can cause financial damage to a client, for example, due to a design error or incorrect financial advice. Professional liability insurance covers this form of damage.

Business Liability
When others suffer injury or material damage due to your products or activities, you are liable for it. The damage resulting from this is covered by business liability insurance.

Directors and Officers Liability
As a director, commissioner, or supervisor, you can be personally held liable for damage resulting from your decisions. You are required to compensate for this damage yourself. Directors and officers liability insurance covers this form of damage.