What is Professional Liability (E&O) Insurance?
Professional liability (errors & omissions) insurance protects you from lawsuits and financial losses if a client claims your work or advice caused them harm or didn’t meet standards. It’s essential for consultants, advisors, service providers, and more.
Cover Your Business From:
Negligence Claims
Mistakes & Errors
Failure to Perform
Legal Defense Costs
Libel & Slander
Contractual Liability
FAQ
Who needs professional liability insurance?
Consultants, accountants, attorneys, architects, designers, tech professionals, and anyone who provides advice or services to clients.
What’s the difference from general liability?
Professional liability covers mistakes, bad advice, or unmet expectations; general liability covers bodily injury or property damage.
Are legal fees included?
Yes, legal defense costs, settlements, and judgments are covered if a client files a claim against you for your services.
Does it cover independent contractors?
Most policies can extend to cover contractors working on your behalf—just be sure to clarify this with your insurer.