# Professional Liability Insurance Also called errors and omissions (E&O), it covers the financial harm a client says your work, advice, or services caused. ## About professional liability Professional liability, also known as errors and omissions (E&O), responds when a client claims your work caused them a financial loss: a missed step, an error in a filing, advice that did not hold up, or a service that fell short of what was promised. It pays the legal defense, which often costs more than the claim itself, plus any settlement or judgment. It is the line every business that sells expertise should carry. ## 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 ### Is professional liability the same as errors and omissions? Yes. Professional liability and errors and omissions (E&O) are two names for the same coverage. Some professions use a more specific label, such as malpractice in medicine or lawyer professional liability for attorneys, but the policy answers the same risk: financial harm a client says your work caused. ### How is professional liability different from general liability? General liability covers physical harm: a third party injured or their property damaged because of your operations. Professional liability covers financial harm from the work itself, such as an error or bad advice. A claim of one type is not paid by the other policy, which is why most service businesses carry both. ### Why is professional liability usually written claims-made? Claims for professional work often surface long after the work was done. Writing the coverage claims-made lets carriers price and manage that long reporting tail. It also means the retroactive date matters: it decides whether older work stays covered, so confirm it carries over before you switch carriers. ### 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.