Professional liability insurance, more commonly known as errors & omissions (E&O) insurance, is a form of liability insurance that protects individuals and companies that provide professional advice and services from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.
Depending on the profession, professional liability insurance may take on different forms:
- Medical — Malpractice insurance for doctors, physicians, etc.
- Real Estate — Realtors, agents, brokers, others
- Legal — Attorneys, paralegals, etc.
- Technology — IT professionals, software developers, webmasters, etc.
We also cover consultants, architects, engineers, accounting and financial services, and wedding planners, just to name a few.
We are often asked by clients if they need professional liability insurance. Generally speaking, if you provide a service for a fee, you probably have a need for professional liability insurance.
Professional liability insurance policies vary from one insurer to the next. Finding the best price, coverage and service is key to effectively securing the right policy. Our broad portfolio of professional liability solutions from the various markets with which we partner are designed to protect our clients from financial loss that arise from allegations of negligence or an error or omission in their professional services.