Professional Liability (Errors & Omissions)

When General Liability Is Not Enough

While General Liability Insurance addresses physical injury and property damage, it does not cover professional mistakes or financial losses resulting from advice or services. Commercial Professional Errors & Omissions Insurance is specifically designed to fill that gap, offering protection against claims that can significantly impact your business's financial stability and reputation.

Errors & Omissions Insurance helps protect your business and your employees against claims alleging:

• Negligence or failure to perform professional duties
• Errors or omissions in services provided
• Misrepresentation or inaccurate advice
• Financial loss suffered by a client due to your actions or inaction

How Commercial Professional Errors & Omissions Insurance Coverage Works

Coverage is typically triggered when a client or third party alleges financial loss due to errors, omissions, or negligent acts related to the professional services you provide.

Once a covered claim is made, Commercial Professional E&O Insurance may help cover legal defense costs, settlements, or court judgments—up to the policy limits. This protection is essential for managing the financial impact of disputes that can arise even when services are provided in good faith.

Commercial Professional E&O policies are typically written on a claims-made basis, meaning coverage applies only if the policy is active both when the alleged error occurred and when the claim is reported. Understanding this structure is critical to maintaining continuous protection and avoiding gaps in coverage.

Professional Errors & Omissions coverage provides peace of mind for businesses whose success depends on expertise, accuracy, and trust—helping ensure that one allegation does not disrupt everything you've worked to build.

Who Should Consider E&O Coverage?

E&O insurance is especially important for businesses and professionals who provide advice, expertise, or specialized services. This includes, but is not limited to:

• Financial and investment professionals
• Consultants and contractors
• Engineers and architects
• Healthcare and medical professionals
• Legal professionals
• Non-profit organizations
• Technology and software providers

Some E&O policies may also offer protection for unintentional copyright infringement, intellectual property disputes, or defamation claims such as libel.

What Impacts the Cost of E&O Insurance?

The cost of Errors & Omissions coverage varies based on several factors, including:

• The type of professional services you provide
• Your business location and regulatory environment
• Your claims and litigation history
• The level of coverage, limits, and deductibles selected

Choosing the right coverage structure helps ensure protection without unnecessary gaps or overexposure.

Coverage Designed Around Your Professional Risk

Errors & Omissions Insurance is not one-size-fits-all. The right policy should reflect your specific services, client relationships, and risk exposure—covering both the cost of potential damages and the expense of defending your business.

If your business depends on trust, expertise, and professional judgment, E&O coverage plays a vital role in protecting your reputation and financial stability.

Contact us to discuss your business, assess your risk exposure, and explore Errors & Omissions coverage options tailored to your needs.