What type of protection does malpractice insurance provide?

Malpractice insurance specifically offers protection against claims of negligence made against professionals. This type of insurance is designed for individuals in fields that provide services, such as medical professionals, lawyers, and accountants, where there is a risk of making errors or omissions in their work that could harm a client or patient. In the event of a lawsuit or claim alleging negligence, malpractice insurance helps cover legal fees, settlements, or judgments resulting from the claim, allowing the professional to defend themselves without jeopardizing their finances.

The other options do not relate to the nature of malpractice insurance. Coverage for vehicle accidents pertains to auto insurance, compensation for property damage involves property insurance, and financial security in case of natural disasters concerns disaster insurance or homeowners insurance. Each of these options addresses distinct areas of risk and protection, and does not overlap with the legal and professional liability coverage provided by malpractice insurance.