Errors & Omissions (E&O) Insurance

Overview

Errors and omissions insurance, also called professional liability insurance, protects a business against claims that its professional services or advice caused a client financial harm through an actual or alleged error, omission, or negligent act. It's designed to cover the cost of defending a claim as well as any settlement or judgment, which can otherwise be significant even when a claim is ultimately unfounded.

Who Needs This Coverage

• Consultants, agencies, and professional service firms that advise or perform work for clients
• Businesses bound by client contracts that require proof of professional liability coverage
• Any company where a mistake in delivered work could cause a client financial loss

How Much Does It Cost?

Pricing reflects your profession, the size and nature of the contracts you take on, your claims history, and the limits your clients require. Firms working on larger or higher-stakes engagements typically carry higher limits.

How to Get Covered

Frequently Asked Questions