The event triggering coverage under many professional liability policies. Typically, a “wrongful act” is defined as an act, error, or omission that takes place within the course of performing professional services.
***
UK: Loss arising from any wrongful act is the insured event under a directors’ and officers’ liability insurance. It is defined within the policy in these terms: ‘any actual or alleged breach of duty breach of trust neglect error misstatement omission breach of warranty of authority or other act done wrong fully attempted by any Director or Officer.