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Errors & Omissions Insurance (E&O) — Professional Liability Protection for Your Business
Safeguard your business with professional liability coverage tailored for consultants, IT firms, real estate pros, and creative agencies. Avoid unexpected lawsuits and stay compliant with contracts—get a fast, personalized quote from licensed brokers in Connecticut, California, South Carolina, and beyond.
What is Error and Omission Insurance?
Errors & Omissions Insurance, also known as Professional Liability Insurance, protects businesses and professionals from claims of negligence, mistakes, or failure to perform professional duties.
Unlike general liability insurance, which covers physical injuries or property damage, E&O focuses on financial losses caused by professional services.
Key Benefits:
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Covers legal defense costs and settlements
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Protects your business from client lawsuits
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Maintains your professional reputation
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Provides peace of mind so you can focus on your work
Who Needs E&O Insurance?
Any professional providing advice or services to clients is at risk of claims. Common industries include:
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Consultants & Advisors—Business, financial, or management consulting
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Real Estate Professionals—Agents, brokers, and property managers
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IT & Tech Services—Software developers, IT consultants, cybersecurity specialists
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Marketing & Creative Agencies—Designers, copywriters, advertising firms
Example Scenario:
A marketing consultant misses a deadline on a critical project. The client loses revenue and sues. E&O insurance covers the legal fees and potential settlement.
What Does E&O Insurance Cover?
E&O policies vary, but typical coverage includes:
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Legal defense costs—attorneys, court fees, and settlements
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Negligence claims—errors or mistakes in your work
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Misrepresentation or inaccurate advice—unintentional professional errors
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Missed deadlines or project failures—resulting in client financial loss
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Client lawsuits—for breach of professional duties
What E&O Insurance Doesn’t Cover
Understanding exclusions is crucial. E&O usually does not cover:
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Intentional wrongdoing or fraud
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Bodily injury or property damage (covered by general liability)
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Employment-related claims (covered by workers’ compensation)
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Contract disputes unrelated to professional services
E&O Insurance Cost Factors
While every business is unique, costs typically depend on:
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Industry Risk—High-risk professions pay more
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Business Size & Revenue—Larger firms or higher revenue may face higher premiums
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Coverage Limits—Higher coverage = higher cost
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Claims History—Past claims can increase your rates
Tip: Ask your broker for tailored coverage to balance protection and affordability.
FAQ — Errors & Omissions Insurance
Q: Is E&O insurance required?
A: Not always, but many professional contracts or licensing boards require it.
Q: Does E&O cover mistakes or missed deadlines?
A: Yes — E&O helps with legal defense and settlements for service-related errors.
Q: How much does E&O insurance cost?
A: Premiums vary by industry, business size, and coverage limits. Contact us for a personalized quote.
Q: Can E&O insurance be combined with other policies?
A: Absolutely. Many businesses pair E&O with General Liability or a Business Owners Policy (BOP) for full protection.
