Business insurance
Professional liability insurance
Insurance for claims that your professional services or advice caused a client financial harm. Also sold as errors and omissions (E&O) coverage.
Professional liability insurance, also called errors and omissions, covers financial loss a client suffers from a mistake or oversight in your professional services. It answers claims general liability excludes.
Licensed professionals in fields like lending, real estate, and consulting are frequently expected to carry it, sometimes at a stated minimum limit. It is a common companion to a professional license rather than an optional extra.
Related terms
Where this comes up
Professional liability insurance is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.