Coverage Overview
Professional Liability insurance, also known as Errors and Omissions insurance (E&O), protects you and your small business against client charges of negligence or injury for the professional services you provide. Whether you are at fault or not, you are protected against losses, attorney fees and even court costs.
Do you need professional liability insurance?
Small businesses that provide a specific service, such as technology, insurance, accounting, tax, wealth management, legal and other types of professional services need this type of coverage. In many cases, if you enter into a contract with a client you will be required to carry E&O.
An E&O policy protects you from:
- Alleged or actual negligence
- Claims against services previously performed
- Claims against temporary staff and independent contractors
- Your work done anywhere around the world
- Related defense costs
Want to learn more? Contact our small business risk experts.