PROFESSIONAL
LIABILITY
INSURANCE

Save up to 30% on business insurance

Have you ever been accused of causing an issue at work or of making an error?

Professional liability insurance has your back against legal actions and claims against you!

Workplace Errors

 It’s okay to make mistakes, but sometimes they come back to haunt us. Accidentally leave a piece of information out on a client transaction?

Negligence Claims

An app fails to work and deletes your client’s files.

Missed Renewal

You forget to renew a client’s apartment lease and they are evicted from their home.

Frequently asked questions about Professional Liability (E&O) Insurance

Here are some of the most common questions we get about General Liability insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.

What is Professional Liability (E&O) Insurance?

In the event of negligence, lack of delivery on business agreements, or workplace errors/mistakes professional liability insurance will provide financial protection and support for you and your business whether the accusation is justified or not.

If you’re a small business, professional liability insurance can aid in avoiding out-of-pocket expenses.

Who Needs Professional Liability (E&O) Insurance?

The most common businesses that have E&O insurance policies are businesses that provide services and professional advice. For example:
– Real Estate
– Insurance
– Engineering
– Construction
– Property Managers

Based on your profession or business services you might be required to have professional liability (E&O) insurance for licenses or contracts. You may interact with a client that requires proof of E&O before they agree to work with you.

Why is Professional Liability (E&O) Insurance Important?

Professional liability (E&O) insurance is important because it protects you from risks associated with errors when making business decisions, most importantly with clients and business partners.

You can be financially protected from costs with E&O such as:
– A client or business partner accuses you of making a mistake that resulted in financial distress.
– Financial harm happens to your client or business partner due to you missing a work deadline.
– You’re accused of being negligent in providing services your business offers causing financial loss to your client or business partner.

Believe it or not, professional liability (E&O) insurance can boost your client intake by letting prospects know that protection is offered in the event of a business mistake. We like to think of it as insurance for disaster recovery, crisis management, or legal cost assistance.

What Does Professional Liability (E&O) Insurance Insurance Cover?

Professional liability (E&O) insurance helps in financially covering legal fees if you or your business is accused of errors or lack of delivery on services that result in a client experiencing a financial loss.

How Much Does Professional Liability (E&O) Insurance Cost?

Professional liability (E&O) insurance will start at $19 a month, but price may vary based on your business’s coverage needs, claim history, business operations, and risk level. The cost may specifically rely on the additional factors mentioned below:
– Risk Levels
– Claim History
– Limitations and Insurance Package
There are ways that you can bundle your E&O insurance cost into your existing or to another policy. This tactic usually aids in saving on E&O insurance costs between your monthly or annual payment options.

Are Professional Liability Insurance and E&O Insurance Different?

The only difference between the two insurances is the usage of the term meaning some industries refer to this insurance coverage as E&O and others refer to it as professional liability insurance.
The term E&O insurance is most frequently used in:
– IT/Technology
– Real Estate
– Insurance
The term professional liability insurance is most frequently used in:
– Accounting
– Law
– Engineers
– Other service businesses

Learn more about the other coverages we offer for your business

We offer 7 different types of business insurance so you can design the coverage that's right for your company's needs.

general-liability

General Liability

Accidentally damaged customer property? General liability insurance makes those uh-oh moments okay by covering a wide range of incidents and basic risks. Contractors and cleaners can add tools and equipment coverage to protect their gear, as well.

Asset 1 2

Workers' Compensation

If you have employees, it’s mandated by law to carry workers’ compensation insurance to help cover medical bills and lost wages due to workplace accidents. And don’t forget about yourself — get business owner’s coverage to protect your assets.

Asset 14 1

Professional Liability/E&O

Professional Liability insurance protects you from the costs of lawsuits where you’re accused of negligence, error, or malpractice. It’s an essential for anyone who provides professional services to clients, including doctors, lawyers, accountants, and other professionals.

Asset 13 1

Commercial Auto

Your bottom line shouldn’t have to include repair costs. With Commercial Auto, you’re covered for dents, tows and damage to someone else’s vehicle.
Asset 16 1

Tools & Equipment

Protect your gear and your business. If your stuff gets damaged or stolen, we’ll help you get back on your feet fast, the right way.
Asset 10 3

Commercial Property

Commercial property insurance isn’t just for buildings — it can protect almost all the gear, inventory and equipment you need to do business. If there is a fire, or another covered event causes an interruption to your business, we make sure you keep your lights on.
Asset 3 2

Business Owner's Policy

A business owner’s policy (BOP) combines general liability and commercial property into one handy package. It’s a great option for protecting your business if you have a physical location, equipment or inventory and if you deal with customers or the public.
general-liability

General Liability

Accidentally damaged a customer's property? General liability insurance is there to cover you and protect you from the potentially costly errors of accidental damage.
Learn More
Asset 1 2

Workers' Compensation

If you have employees, it’s mandated by law to carry workers’ compensation insurance to help cover medical bills and lost wages due to workplace accidents. And don’t forget about yourself — get business owner’s coverage to protect your assets.
Learn More
Asset 14 1

Professional Liability/E&O

Professional Liability insurance protects you from the costs of lawsuits where you're accused of negligence, error, or malpractice. It's an essential for anyone who provides professional services to clients, including doctors, lawyers, accountants, and other professionals.
Learn More
Asset 13 1

Commercial Auto

Your bottom line shouldn't have to include repair costs. With Commercial Auto, you're covered for dents, tows and damage to someone else's vehicle.
Learn More
Asset 16 1

Tools & Equipment

Protect your gear and your business. If your stuff gets damaged or stolen, we'll help you get back on your feet fast, the right way.
Learn More
Asset 10

Commercial Property

Commercial property insurance isn’t just for buildings — it can protect almost all the gear, inventory and equipment you need to do business. If there is a fire, or another covered event causes an interruption to your business, we make sure you keep your lights on.
Learn More
Asset 3 2

Business Owner's Policy

A business owner’s policy (BOP) combines general liability and commercial property into one handy package. It’s a great option for protecting your business if you have a physical location, equipment or inventory and if you deal with customers or the public.
Learn More

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Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.

Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.