Question 1

How much does MPL insurance cost in Alabama?

Accepted Answer

Most Alabama professional services firms pay $1,000 to $5,000 per year for MPL, depending on profession, revenue, and coverage limits.

Question 2

Is MPL the same as E&O insurance?

Accepted Answer

Yes. MPL (Miscellaneous Professional Liability) and E&O (Errors and Omissions) are the same coverage. The terminology varies by carrier and industry.

Question 3

Does my BOP include professional liability?

Accepted Answer

No. A BOP covers general liability and property but does not include professional liability. MPL must be purchased separately.

Question 4

What's the difference between MPL and general liability?

Accepted Answer

General liability covers physical injuries and property damage. MPL covers financial losses caused by your professional advice, recommendations, or services.