Property & Casualty — Commercial
Errors & Omissions Insurance
When your professional judgment is questioned, your coverage needs to answer.
Errors & Omissions (E&O) insurance — also called professional liability insurance — protects businesses and individuals who provide professional services or advice from claims alleging a mistake, failure to perform, or inadequate service that caused a client financial harm. Whether you're a consultant, technology firm, real estate professional, or financial advisor, E&O is an essential part of your risk management program.
What's Covered
- Claims of negligence, errors, or omissions in delivering professional services
- Failure to meet a contractual deadline or deliverable
- Misrepresentation or inaccurate advice that causes client financial loss
- Defense costs — regardless of whether the claim has merit
- Settlements and judgments up to the policy limit
- Claims-made coverage including prior acts (retroactive date) options
Why It Matters
A single client dispute — even one that you ultimately win — can cost tens or hundreds of thousands of dollars in legal defense. E&O claims often arise from misunderstandings, unmet expectations, or genuinely honest mistakes. Professional liability coverage means you can defend your reputation without funding it entirely out of pocket.
Common Questions
What industries need E&O insurance?
Any profession that provides advice, expertise, or a service to clients can face E&O claims. Common buyers include technology companies, consultants, architects, engineers, real estate agents, financial advisors, lawyers, and healthcare administrators. If your work product or advice could cause a client financial harm, E&O belongs in your program.
How is E&O different from general liability?
General liability covers bodily injury and physical property damage. E&O covers economic or financial harm resulting from your professional services. The two policies are complementary — most professional businesses need both.
What is a 'claims-made' policy?
E&O is typically written on a claims-made basis, meaning coverage applies to claims reported during the policy period — not when the incident occurred. This makes continuous coverage and retroactive date management critically important. We'll make sure your policy is structured correctly.
Ready to get covered?
Talk to one of our advisors about the right policy for your situation. No pressure, no jargon — just honest guidance.