Professional Liability Insurance (E&O)
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Business Errors
Professional liability insurance protects you if a client claims your advice, services, or work caused them financial harm due to errors or omissions.
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Settlements and Judgements
E&O insurance also covers settlements or judgments if you're found liable for errors or omissions, helping to protect your business from significant financial losses.
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Legal Defense
If you're sued for professional negligence, E&O insurance covers your legal defense costs, including attorney fees and court expenses, even if the claim is unfounded.
Who needs professional liability insurance?
Any business or professional offering specialized services or advice should consider professional liability insurance. This includes consultants, lawyers, accountants, real estate agents, and other professionals who could be held accountable for mistakes or oversights in their work.
What does professional liability insurance cover?
Professional liability insurance covers claims of negligence, errors, or omissions in the services you provide. If a client alleges that your advice, services, or work caused them financial harm, this insurance helps cover legal defense costs, settlements, and judgments.