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.
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
Pays for attorney fees, court costs, and settlements — even if the claim is unfounded. Legal defense alone can cost tens of thousands.
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?
Frequently Asked Questions
What's the difference between professional liability and general liability?
General liability covers physical injuries and property damage (like someone slipping at your office). Professional liability covers financial losses caused by your professional advice, services, or errors. Most professionals need both types of coverage.
Does my BOP include professional liability?
Standard BOPs do not include professional liability coverage. However, some carriers allow you to add a professional liability endorsement to your BOP. We can help you determine the best approach for your business.
How much professional liability coverage do I need?
Coverage needs depend on your industry, contract requirements, and the potential size of claims. Most professionals carry $1M per claim / $1M or $2M aggregate. Some industries and contracts require higher limits. We'll help you assess your risk.
Are claims-made and occurrence policies different?
Yes. Most professional liability policies are claims-made, meaning they cover claims made during the policy period for incidents that occurred after the retroactive date. Occurrence policies cover incidents that happen during the policy period, regardless of when the claim is filed. We'll explain how this affects your coverage.
Protect Your Professional Reputation
One professional mistake or unhappy client could lead to a costly lawsuit. Get protected with affordable E&O coverage.