E&O insurance

E&O Insurance

Errors and omissions insurance protects professionals and businesses that provide advice or services from claims that your work caused financial harm to clients. Also called professional liability insurance, E&O coverage is essential for consultants, real estate agents, insurance agents, accountants, IT professionals, and anyone whose professional judgment clients rely on for important decisions.

If a client claims your advice, service, or work product caused them financial loss, your E&O policy covers legal defense costs and potential settlements or judgments. Even when you did everything right, defending yourself against claims can cost tens of thousands in legal fees. Professional liability claims often involve complex disputes about what you should have done differently, and proving you weren't negligent requires expensive expert testimony and legal representation.

Coverage typically includes defense costs even if claims are groundless, settlements you agree to pay, and court judgments if you lose at trial. The policy covers past work you performed while insured, which matters because clients can file claims months or years after you completed services. Tail coverage ensures you remain protected from claims after you stop carrying active coverage or retire from your profession.

Different professions face different E&O risks and require specialized coverage designed for their specific exposures. A real estate agent's E&O policy differs significantly from coverage an IT consultant needs because the nature of potential claims varies by profession. We work with carriers who understand professional liability in your industry and can provide coverage tailored to your specific risks, policy limits appropriate for your client base and project sizes, and reasonable premiums that reflect your claims history and risk management practices.