(also known as Errors & Omissions Insurance)
What is professional liability insurance?
Professional liability insurance, also called errors and omissions insurance (E & O insurance), protects your business if you are sued for negligence, even if you haven't made a mistake.
Defending your business can be financially crippling. However, you can feel secure with Company insurance. If a covered claim is brought against you, we'll immediately defend you and appoint an attorney if necessary. If damages are awarded, we'll pay them up to your covered limit.
Do you need professional liability insurance?
You may feel confident in the quality of your work, but any business can be sued for negligence when its work doesn't meet a client's expectations. If you’re a consultant or a small professional business, buying liability insurance is the right thing to do.
You should seriously consider professional liability insurance if your business:
Provides a professional service.
Regularly gives advice to clients.
Is requested by a client to have professional liability insurance to complete a contract.