What type of liability covers professionals failing to meet the expected standard of care?

Professional Liability is the correct answer because it specifically pertains to professionals failing to meet the expected standard of care in their field of expertise. This form of liability arises when a professional, such as a doctor, lawyer, or accountant, provides services that do not meet the quality of care that a reasonable professional in that discipline would provide, resulting in harm or financial loss to a client or patient.

This type of liability often leads to claims of negligence or malpractice, emphasizing the standards that professionals are expected to uphold based on their training and experience. Unlike other liability types, Professional Liability not only considers the actions taken but also evaluates whether the actions adhered to the accepted standards specific to that profession.

In contrast, product liability addresses injuries or damages resulting from defective products, premises liability pertains to injuries that occur on someone else's property, and general liability encompasses a broader range of risks related to bodily injury and property damage that may not be limited to professional standards of care. Thus, the focus on maintaining professional standards directly supports why Professional Liability is the appropriate classification for this scenario.