Professional Liability (E&O) Insurance
Protect your business from claims of errors, omissions, negligence, and malpractice in your professional services.
What is Professional Liability Insurance?
Professional Liability Insurance, also known as Errors & Omissions (E&O) Insurance, protects professionals and businesses from claims of negligence, errors, omissions, or failure to deliver services as promised.
Professional Services
Covers mistakes in your professional work
Legal Defense
Pays for attorneys and court costs
Client Requirements
Often required by contracts and clients
What's Covered
Professional Negligence
Claims that you failed to perform your professional duties with reasonable care and skill.
Errors & Omissions
Mistakes, oversights, or failure to deliver services as contractually promised.
Misrepresentation
Allegations that you provided inaccurate information or false statements.
Breach of Contract
Claims that you failed to fulfill the terms of your service agreement.
Missed Deadlines
Financial losses resulting from your failure to meet project deadlines.
Legal Defense Costs
Attorney fees, court costs, and settlements regardless of fault.
Who Needs Professional Liability Insurance?
Any business providing professional services or advice should carry E&O insurance:
Legal & Accounting
Lawyers, CPAs, bookkeepers
IT & Technology
Software developers, IT consultants
Consultants
Business, marketing, HR consultants
Architects & Engineers
Design professionals
Healthcare Providers
Doctors, therapists, nurses
Real Estate Professionals
Agents, brokers, appraisers
Common E&O Claim Scenarios:
- •A client sues because your advice led to financial losses
- •You missed a critical deadline, costing a client a major opportunity
- •A software bug in your product causes data loss for a customer
- •Your design error results in construction problems and cost overruns
- •An accounting error leads to tax penalties for your client
General Liability vs. Professional Liability
Many businesses need BOTH coverages. Here's the difference:
General Liability
- ✓Bodily injury & property damage
- ✓Customer slips and falls
- ✓Damage to client property
- ✓Advertising injury
Professional Liability (E&O)
- ✓Professional mistakes & negligence
- ✓Errors in your work product
- ✓Breach of professional duty
- ✓Failure to deliver services
Get Your Professional Liability Quote
Fill out the form below for a customized E&O insurance quote.
Frequently Asked Questions
Is E&O insurance the same as malpractice insurance?
They're similar. "Malpractice" typically refers to E&O insurance for healthcare professionals, while "E&O" is the term used for most other professional services.
Does E&O cover intentional wrongdoing?
No. E&O insurance covers unintentional mistakes and negligence, not deliberate fraud, criminal acts, or intentional misconduct.
What's the difference between "claims-made" and "occurrence" policies?
Most E&O policies are "claims-made," meaning the claim must be reported while the policy is active. "Occurrence" policies cover incidents that happened during the policy period, regardless of when the claim is filed.
Do I need tail coverage when switching policies?
With claims-made policies, "tail coverage" (extended reporting period) protects you from claims filed after your policy ends for work done while covered. It's important when changing carriers or retiring.