Professional Liability (E&O) Insurance
Professional liability insurance — also known as Errors & Omissions (E&O) — protects your business against claims of negligence, mistakes, or failure to deliver professional services as promised. If a client alleges your work caused them financial harm, E&O covers your legal defense and settlements.
Coverages we place
- Defense costs for negligence and errors claims
- Settlements and judgments from professional mistakes
- Failure to deliver services as contracted
- Missed deadlines that cause client financial loss
- Unintentional breach of contract
- Copyright infringement in professional deliverables
Who needs this coverage
Consultants, accountants, architects, engineers, IT professionals, real estate agents, insurance agents, attorneys, marketing agencies, and any business that provides professional advice or services. Many client contracts and licensing boards require E&O coverage.
What drives your premium
- Industry and professional discipline
- Annual revenue and billable services
- Years of experience and claims history
- Coverage limits and deductible
- Number of professionals covered
Common exclusions
- Bodily injury and property damage (covered by GL)
- Criminal or fraudulent acts
- Prior known claims or circumstances
- Employment-related claims (requires EPLI)
- Cyber incidents and data breaches (requires cyber policy)
Frequently asked questions
What's the difference between professional liability and general liability?
General liability covers bodily injury and property damage claims. Professional liability (E&O) covers financial harm from professional mistakes, advice errors, or service failures. Most businesses need both.
How much does E&O insurance cost?
Most professionals pay $500–$3,000/year for $1M E&O coverage. High-risk fields like legal, medical, or financial services may pay more. We compare multiple carriers to find competitive rates.
Related coverage
Get a free quote or call (321) 206-8035.