What is Professional Liability?

An old adage states that we are all human.  No one is perfect.  We all make mistakes.  The problem is: if your client or customer thinks a mistake in your professional services caused a financial loss, they can sue you. Professional liability insurance helps cover you and your company if you make a mistake in your professional services. This coverage is also known as errors and omissions (E&O).

What does it cover?

  • Negligence
  • Misrepresentation
  • Inaccurate advice
Even if you didn’t do anything wrong, your client can still sue your business if they believe you made a mistake. Without coverage, you’ll have to pay expensive legal defense costs out of pocket.
It’s important to remember that professional liability insurance doesn’t cover everything.