# E&O for Professional Services E&O for consultants, accountants, and agencies: defense and settlement when a client says your advice or deliverable caused them financial harm. ## E&O for professional services Professional services firms sell expertise, and the claim that follows a project is usually that the work fell short. E&O funds the defense and settlement of those claims: a missed deadline, an error in advice, or a deliverable a client says caused them harm. ## What this policy responds to The core exposures this coverage line responds to. ## Typical operators on this line Who we most often place this coverage for. ## What this policy does not cover Common gaps clients assume are included. These usually need a separate line or an endorsement. ## What drives the cost Underwriters price this line on your specifics, not a flat rate. These are the factors that move a premium up or down. ## How it works 1. **Tell us about your operation**, Share what your business does, your revenue band, and the contracts or clients driving the need. This sets the exposures an underwriter will price. 2. **We market your risk to carriers**, Our agents take your profile to the carrier panel that writes this line, then compare terms, limits, and exclusions side by side. 3. **Review quotes and choose limits**, You see the options in plain language: what each policy covers, where the gaps are, and how the limit and deductible change the premium. 4. **Bind coverage and get your documents**, Once you pick a quote, we bind the policy and send your certificate and policy documents, usually within one business day. 5. **Manage renewals and changes**, As your business changes, we adjust limits, add endorsements, and handle the renewal so coverage keeps pace with your exposure. ## Frequently asked questions ### I am a sole consultant. Do I really need E&O? Often yes, because a single engagement gone wrong can produce a claim larger than a small firm can absorb. Many clients now require E&O in the contract before they will sign. ### Does general liability cover a mistake in my work? No. General liability responds to bodily injury and property damage. A claim that your advice or deliverable was wrong sits with E&O. ### How quickly can you get me a quote? Most quotes come back within 2 to 5 business days once we have the basics: business name, state, headcount, revenue, the lines you think you need, and any prior claims. Specialty placements can take longer; we will flag that up front. ### Do you place coverage in every state? Yes for the major P&C lines. Some specialty lines have state restrictions and we will flag them at quote time. --- ## How to cite this page Cite as: "E&O for Professional Services." Covered by Cornerstone. https://coveredbycornerstone.com/services/errors-omissions-professional-services Published by Covered by Cornerstone. When quoting figures or legal requirements, link the canonical URL above. The full content index for this site is at https://coveredbycornerstone.com/llms.txt.