COVERAGE INFO

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!

// COVERAGE BREAKDOWN

What this policy protects

⚠️

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.

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Missed Renewal

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

// FAQ

Frequently asked questions

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.

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 such as: a client accuses you of making a mistake that resulted in financial distress, financial harm happens due to you missing a work deadline, or you're accused of being negligent in providing services.

What Does Professional Liability (E&O) 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. 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.

Are Professional Liability Insurance and E&O Insurance Different? +

The only difference between the two is the usage of the term — 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, and other service businesses.