Professional Liability Insurance
Also Known as Errors & Omissions (E&O) Insurance
Protect your business from claims of professional negligence, mistakes, and failure to deliver services
What is Professional Liability Insurance?
Professional Liability Insurance, also known as Errors & Omissions (E&O) Insurance, protects businesses and professionals from claims of negligence, mistakes, or failure to deliver promised services. It covers legal defense costs and settlements when clients allege financial harm from your professional services.
Why You Need It: Even the most careful professionals can make mistakes or face unfounded allegations. A single lawsuit can cost hundreds of thousands in legal fees alone, potentially bankrupting your business.
Professional liability insurance protects your business assets, covers legal defense costs, and provides peace of mind so you can focus on serving your clients.
What's Covered
Professional Negligence
Coverage for claims that you failed to perform professional services with reasonable care, skill, or diligence.
Errors & Mistakes
Protection when you make an error in your work that causes financial loss to a client, even if unintentional.
Failure to Deliver Services
Coverage for claims that you failed to complete work as promised or didn't meet contractual obligations.
Misrepresentation
Protection against claims that you provided inaccurate information or advice that led to client financial loss.
Legal Defense Costs
Payment for attorney fees, court costs, and expert witnesses, even if the claim is groundless or fraudulent.
Settlements & Judgments
Coverage for court-ordered judgments and negotiated settlements up to your policy limits.
Who Needs Professional Liability Insurance?
Any business or professional that provides advice, services, or expertise should consider E&O insurance:
Consultants and advisors
IT and technology services
Architects and engineers
Real estate professionals
Marketing and advertising agencies
Accountants and bookkeepers
Insurance agents and brokers
Legal professionals
Healthcare providers
Financial advisors
Contractors and construction professionals
Security and janitorial services
Common Claim Scenarios
Missed Deadline
You fail to complete a project by the agreed deadline, causing your client to lose a business opportunity and suffer financial damages.
Faulty Advice
A client claims your professional advice was incorrect and led to poor business decisions that resulted in financial losses.
Design Error
An error in your design or plans causes construction delays or requires expensive corrections, and the client seeks compensation.
Data Breach
A security flaw in your IT services leads to a client's data breach, resulting in regulatory fines and customer notification costs.
Related Insurance Products
General Liability
Covers bodily injury and property damage claims, complementing your E&O coverage.
Learn More →Business Owners Policy
Bundled coverage for comprehensive business protection at a competitive rate.
Learn More →Get Your Professional Liability Quote Today
Protect your professional services business with comprehensive E&O insurance. Our experts understand your industry and will help you find the right coverage.
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