Professional Liability Insurance

No matter how skilled or careful you are, mistakes happen — and in many professions, even an honest error or a dissatisfied client can lead to a costly lawsuit. Professional liability insurance, also known as Errors & Omissions (E&O) coverage, protects you against claims that your professional services caused a client financial harm — whether through a missed deadline, an oversight, bad advice, or an alleged failure to deliver as promised.

This coverage is essential for consultants, accountants, real estate agents, IT professionals, financial advisors, architects, and anyone whose business is built around expertise and advice. Unlike general liability, which covers physical injury and property damage, professional liability covers the financial and reputational risks specific to the work you do. It typically pays for legal defense costs, settlements, and judgments — even if the claim against you turns out to be unfounded, since legal fees alone can be enough to threaten a small business.

You give advice. You deliver a service. You make professional judgment calls every day — and sometimes, despite your best efforts, a client disagrees with the outcome and decides to sue. That’s exactly what professional liability insurance is for.

Also called Errors & Omissions (E&O) coverage, it protects you against claims of negligence, mistakes, missed deadlines, or inadequate work — covering your legal defense and any settlement or judgment along the way. If your business runs on expertise rather than products, this is one of the most important policies you can have.