Which type of incidents typically require professional liability insurance?

Professional liability insurance is specifically designed to cover claims that arise from the services rendered by professionals, particularly when there is an allegation of negligence, errors, or omissions in their work. This type of insurance is particularly critical for professionals such as doctors, lawyers, accountants, and consultants, who are expected to meet a certain standard of care in their profession. If a client alleges that a professional failed to uphold that standard—resulting in financial loss or damages—professional liability insurance provides the coverage needed to defend against such claims and to pay any resulting settlements.

In contrast, other types of incidents mentioned in the options may fall under different insurance categories. Claims regarding product defects are generally associated with product liability insurance. Workplace injuries typically require workers' compensation insurance, which covers employee injuries that occur during the course of employment. Property damage resulting from professional services could be covered under general liability insurance or specific endorsements depending on the context but does not explicitly address the professional negligence aspect as effectively as professional liability insurance. Therefore, B is accurate in identifying the specific need for professional liability insurance in cases of professional negligence or failure to perform.