Professional Services Insurance
Professional services firms face unique liability exposures from the advice and work they provide. A single error or oversight can lead to costly lawsuits. Our programs protect professionals from the financial consequences of claims and client disputes.
Coverages we place
- Professional liability (E&O) for errors, omissions, and negligence
- General liability for office and client-site injuries
- Cyber liability for data breaches and client data protection
- Directors & officers for management decisions
- Business owner's policy for office property and liability
- Workers' comp for office employees
- EPLI for hiring, firing, and workplace claims
- Fiduciary liability for firms managing client assets
Who needs this coverage
Accounting firms, law firms, engineering firms, architecture firms, management consultants, IT consultants, financial advisors, and marketing agencies.
What drives your premium
- Professional discipline and services provided
- Annual billings and client base
- Contract sizes and scope of engagements
- Number of professionals and staff
- Claims history and risk management practices
Common exclusions
- Intentional fraud or criminal acts
- Known issues or circumstances prior to policy inception
- Bodily injury (covered by GL, not E&O)
- Investment guarantees or promised returns
- Regulatory fines for willful violations
Frequently asked questions
Do professional services firms need E&O insurance?
Yes. E&O is the most critical coverage for any firm that provides advice, designs, or services. A single claim of professional negligence can exceed $100,000 in defense costs alone.
What's the difference between E&O and malpractice?
They're essentially the same coverage. 'Malpractice' is typically used for medical and legal professionals. 'E&O' is the broader term used across all professional services industries.
Do I need D&O as a small firm?
If you have partners, a board, or investors, D&O protects personal assets of leadership from claims related to business decisions. It's increasingly important even for small firms.
Related coverage
Get a free quote or call (321) 206-8035.