Errors and Omissions
Coverage for claims alleging mistakes, oversights, or failure to deliver professional services as promised to a client.
Professional Liability Insurance to Defend Your Expertise
Errors and omissions (E&O) coverage built for service-based businesses. Protect your firm from claims of negligence, missed deadlines, and professional mistakes with policies compared from multiple carriers.
What's covered
What does professional liability insurance cover?
E&O insurance shields your business when clients allege your professional services caused them financial harm. It covers defense costs even if the claim is groundless.
Negligence Claims
Protection against allegations that you failed to exercise reasonable care or skill in the performance of your professional duties.
Misrepresentation
Coverage for claims that your business provided inaccurate advice, misleading information, or incomplete professional guidance.
Missed Deadlines
Protection when a client claims financial loss due to your business failing to meet contractual timelines or deliverables.
Legal Defense Costs
Covers attorney fees, court costs, expert witness fees, and other litigation expenses, even if the claim is found to be without merit.
Breach of Contract
Coverage for allegations that you failed to fulfill the terms of a professional service agreement or contractual obligation.
Who needs it
Who needs E&O insurance?
Any business that provides professional services, advice, or expertise to clients should carry errors and omissions coverage. If a client can claim your work caused them financial harm, you need E&O.
- Consultants — Advice-driven businesses can be blamed when a client claims your recommendations caused financial loss.
- IT Firms — Missed implementations, outages, or configuration mistakes can lead to expensive client claims.
- Accountants — Tax filing errors, reporting mistakes, or missed deadlines can create direct financial harm for clients.
- Architects — Design flaws, specification issues, or coordination mistakes can trigger costly project disputes.
- Engineers — Technical errors in plans, calculations, or oversight can lead to claims of negligence and project delay.
- Attorneys — Missed filings, conflicts, or alleged legal errors can quickly become malpractice claims.
- Real Estate Agents — Disclosure disputes, paperwork mistakes, or misrepresentation allegations are common E&O exposures.
- Financial Advisors — Clients may allege unsuitable recommendations, missed risks, or poor execution of investment instructions.
- Marketing Agencies — Missed deadlines, campaign errors, or unmet contractual deliverables can produce financial loss claims.
- Healthcare Providers — Clinical judgment, documentation issues, and treatment-related allegations make malpractice coverage essential.
Why Ashmont Insurance Agency
The smarter way to buy professional liability insurance (e&o)
Our platform removes the guesswork from finding the right coverage at the right price.
Instant comparison
Our platform analyzes your business profile and compares policies from multiple carriers in seconds, surfacing the best coverage combinations at prices a traditional broker would take weeks to find.
Multiple top-rated carriers
We work with America's leading commercial insurers including The Hartford, Travelers, Chubb, CNA, Liberty Mutual, and more. More options mean better rates and broader coverage for your business.
Licensed advisors on demand
Our platform handles the research, but licensed commercial insurance advisors are always available to review your coverage, answer questions, and help you make the right decisions for your business.
Industries We Serve
Professional liability coverage for service-based businesses
If you sell expertise or deliver professional services, E&O insurance protects you when clients claim your work caused them harm.
FAQ
Common questions about professional liability insurance
Have more questions? Our licensed advisors are available by phone, email, or chat.
Professional liability insurance, also called errors and omissions (E&O) insurance, protects businesses and professionals against claims of negligence, mistakes, or failure to perform professional services. It covers legal defense costs, settlements, and judgments arising from your professional work.
Professional liability insurance typically costs between $500 and $3,000 per year for small businesses, depending on your industry, revenue, number of employees, claims history, and coverage limits. High-risk professions like healthcare or financial services may pay more. Ashmont Insurance Agency compares quotes from multiple carriers to find the best rate.
General liability covers third-party bodily injury, property damage, and advertising injury claims. Professional liability (E&O) specifically covers claims arising from professional services, including errors, omissions, negligence, and failure to deliver promised results. Most service-based businesses need both policies.
Yes, many professional liability policies cover breach of contract claims related to your professional services. This includes allegations that you failed to deliver services as outlined in a contract or service agreement. Coverage details vary by carrier, so it is important to review your specific policy language.
Professional liability insurance is not universally required by law, but certain professions and states mandate it. For example, many states require attorneys, doctors, and accountants to carry professional liability coverage. Even when not legally required, many clients and contracts require proof of E&O insurance before engaging your services.
Protect your expertise with the right E&O coverage
Get a personalized professional liability quote the same day. Compare policies from multiple carriers and save an average of 32%.