Professional Liability Insurance
Also known as Errors & Omissions (E&O) insurance. Protects professionals and service providers from claims of negligence, mistakes, and failure to perform.
Florida Professional Liability (E&O) Insurance at a Glance
- Can address claims alleging negligence, errors, omissions, or failure to perform professional services
- General liability is not built for professional mistakes or advice-based financial loss
- Common for consultants, accountants, IT firms, real estate professionals, agencies, and other service businesses
- Claims-made dates, retroactive dates, defense wording, and contracts need review before switching
Claims-made coverage review
Do not shop E&O on price until the dates and wording are clear
Most professional liability policies are claims-made. The quote needs to account for prior work, contract requirements, known circumstances, defense treatment, and whether a new policy would preserve the protection you already have.
Retroactive date
A claims-made policy usually only responds to covered professional work after the retroactive date, so preserving that date during a switch can be critical.
Prior acts and known circumstances
Applications ask about prior claims, disputes, or facts that could lead to a claim. Those answers affect eligibility and exclusions.
Defense wording
Review whether defense costs reduce the limit, how consent-to-settle works, and whether the form fits the contracts you sign.
Tail or extended reporting
If coverage is canceled or a business closes, an extended reporting period may matter for claims made after the policy ends.
What's Covered?
Professional liability insurance protects you when clients claim your work caused them financial harm.
Errors & Omissions
Covers claims arising from professional mistakes, oversights, or failure to deliver services as promised.
Legal Defense Costs
Can help with attorney fees, court costs, and settlements, including defense for allegations that are disputed or unfounded, subject to the policy form.
Negligence Claims
Protects against allegations that your professional advice or services caused a client financial loss.
Breach of Contract
Covers claims that you failed to fulfill the terms of a professional services agreement.
Misrepresentation
Protects against claims that you misrepresented your services, qualifications, or the expected outcomes of your work.
Copyright Infringement
Covers claims of inadvertent intellectual property infringement in the course of providing professional services.
Who Needs Professional Liability Insurance?
Quote prep
Send the current policy and contract wording
The cleaner quote packet shows what services you perform, what limits clients require, and whether cyber, tech E&O, media, or management liability belongs in the same conversation.
Current E&O declarations and retroactive date
Professional service agreements or client contract insurance requirements
Revenue by service type and largest client or project size
Prior claims, disputes, demand letters, or known incidents
Licenses, credentials, subcontractor use, and quality-control process
Whether cyber, media, technology, or management liability should be reviewed together
When E&O is only one piece of the problem
Professional liability can belong inside a broader management-liability review
If the account also has board exposure, employment claims, fiduciary duties, cyber concerns, or crime/fidelity issues, the cleaner path is to review the whole stack together instead of pricing E&O in isolation.
Accounting and bookkeeping insurance
Use this route when E&O needs to be reviewed beside accounting cyber, BOP, payroll, tax-prep, and client contract requirements.
Open pathManagement vs E&O comparison
Best when you are not sure whether the account belongs in D&O, EPLI, fiduciary, cyber, crime, or professional liability.
Open pathManagement liability review
Use this when E&O sits beside D&O, EPLI, fiduciary, crime, or board-level leadership concerns.
Open pathStart the E&O intake
Best when you are ready to send current E&O details, contracts, claims-made dates, and renewal timing.
Open pathFrequently Asked Questions
Protect Your Professional Reputation
One professional mistake or unhappy client can create a serious defense problem. We can review E&O by itself or line it up with management liability and cyber when the account needs more than one policy.