Professional Liability (E&O)
Standard coverages and limits
Errors & Omissions (E&O) Liability, also known as Professional Liability, protects businesses against claims alleging negligence, errors, omissions, or failure to deliver professional services as promised
Financial loss coverage: Can help cover claims involving financial harm caused by an alleged professional mistake or failure to perform
Legal defense costs: May cover attorneys’ fees, court costs, and other defense expenses for covered claims
Settlement and judgments: May cover eligible settlements or damages, subject to policy terms and limits
Claims-made coverage — most E&O policies cover claims first made and reported during the policy period, subject to retroactive date and other policy conditions
Common limits range from $1 million to $5 million+, depending on company size, industry, and risk
Common Endorsements / Optional Coverages
Prior Acts Coverage
Extended Reporting Period (Tail Coverage)
Defense Costs Outside the Limits
Cyber Liability / Privacy Liability
Worldwide Coverage, Disciplinary / Regulatory Proceedings Coverage
Cost Factors & How Pricing Works
Type of professional services provided
Annual revenue, claims history, policy limits
Deductible or retention
Optional endorsements: Adding cyber, media, technology, regulatory, or other coverage may increase the total premium
Who Needs Professional Liability Insurance?
Consultants and business advisors, designers, freelancers, and specialized service providers
Any business providing professional advice, expertise, or specialized services
Accountants and financial professionals
Marketing and advertising agencies, lawyers and legal professionals
Healthcare professionals requiring professional liability coverage
E&O Liability Insurance Quotes
Compare quotes from multiple carriers