Professional Liability Insurance
Protection for businesses that provide professional advice, services, designs, or expertise.
Commercial Insurance
Coverage That Matches the Exposure
When clients rely on your expertise, an allegation of an error, omission, or failure to deliver professional services can become expensive. Professional liability coverage, sometimes called errors and omissions insurance, is designed for these service-based exposures.
What This Coverage Can Help Address
- Alleged professional errors
- Alleged omissions
- Claims involving professional services
- Certain defense costs
- Industry-specific professional exposures
Who Should Consider It
Is This Relevant to Your Business?
Consultants, professional service firms, technology providers, designers, advisors, and other businesses whose clients rely on their specialized work or expertise.
Common Questions
Professional Liability Insurance FAQs
Is professional liability the same as general liability?
No. General liability focuses on common third-party bodily injury and property damage risks, while professional liability addresses allegations connected to professional services, errors, or omissions.
What does claims-made coverage mean?
Many professional liability policies are written on a claims-made basis, which makes policy dates and continuity of coverage important. Your agent can explain how a proposed policy handles prior acts and reporting.
Do small businesses need professional liability?
Size alone does not determine the need. A small business that provides advice or specialized services can still face a professional negligence claim.