Professional liability insurance — also called errors and omissions (E&O) — protects businesses and professionals against claims that their advice, services, or work caused a client financial loss. Even a well-run business can face an allegation of a mistake, and defending one can be costly.
What Professional Liability / E&O Covers
This coverage responds to claims of professional negligence, errors, omissions, or failure to deliver a service as promised. It typically covers legal defence costs and any resulting settlement or judgment, even if the claim turns out to be unfounded.
Who Needs It
Consultants, accountants, real estate and mortgage professionals, IT and marketing firms, designers, and many licensed professionals need E&O — and clients or regulators often require proof of it before signing a contract.
How a Broker Helps
NavInsurance identifies the professional liability coverage your field and contracts require, comparing insurers for appropriate limits and terms. See our commercial insurance page or request a free quote.