Professional Liability Insurance
Protect your business from claims of professional negligence and errors
What is Professional Liability Insurance?
Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, protects professionals and businesses from claims of negligence, mistakes, or failure to deliver promised services.
If a client alleges that your professional advice, services, or work caused them financial harm, this coverage pays for legal defense costs and any settlements or judgments against you.
Essential for service-based businesses, consultants, and professionals who provide advice or expertise to clients.
What Does Professional Liability Cover?
Protection against claims arising from your professional services
Errors & Mistakes
Coverage for unintentional errors or mistakes in your professional work or advice.
Omissions
Protection when you fail to perform services or provide advice you were contracted to deliver.
Negligence Claims
Defense against allegations of professional negligence or substandard work.
Misrepresentation
Coverage for claims that you misrepresented your services or capabilities.
Legal Defense
Pays for attorney fees, court costs, and legal expenses to defend against claims.
Settlements & Judgments
Covers settlement amounts and court-ordered judgments up to policy limits.
Who Needs Professional Liability Insurance?
Essential coverage for service professionals and consultants
Consultants
Business, management, and strategy consultants
Accountants
CPAs, bookkeepers, and tax professionals
Attorneys
Lawyers and legal service providers
IT Professionals
Software developers and tech consultants
Architects
Design and architectural professionals
Engineers
Engineering and technical consultants
Real Estate
Agents, brokers, and property managers
Financial Advisors
Investment and financial planning professionals
Real-World Claim Examples
See how professional liability insurance protects businesses
Accounting Error
An accountant made an error in a client's tax return, resulting in penalties and interest from the IRS. The client sued for $45,000. Professional liability insurance covered the legal defense and settlement.
Software Failure
A software developer's code contained a bug that caused a client's e-commerce site to crash during peak sales season. The client claimed $200,000 in lost revenue. E&O insurance covered the claim.
Consulting Advice
A business consultant's strategic advice led to a failed expansion that cost the client $150,000. The client sued for negligence. Professional liability insurance paid for defense and settlement costs.
Design Flaw
An architect's design oversight resulted in structural issues requiring costly repairs. The building owner sued for $300,000. Professional liability insurance covered the legal costs and settlement.
Frequently Asked Questions
Protect Your Professional Reputation
Get comprehensive professional liability coverage today
Get Your Free Quote