Professional Liability (E&O)

Professional liability insurance covers you and your company if a mistake is made during the scope of services provided to a client. Mistakes like giving incorrect advice an omission or failing to deliver a service. It is also commonly known as errors & omissions or E&O coverage. Regardless of how much experience you have or your level of expertise, mistakes happen. If your client feels they sustained a financial loss due to a mistake by your company then they can sue. Professional liability includes defense costs and damages up to your chosen limits.

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Professional liability insurance provides coverage against claims of:

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• Negligence
• Misrepresentation
• Inaccurate advice
• Personal injury, like libel or slander

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It doesn’t matter if a mistake was actually made or not, if a client feels they have been wronged and consequently sustained a financial loss, the client is still within their rights to sue you. This coverage keeps you from having to pay expensive legal fees out of your own pocket.

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Many industries require E&O coverage in order to operate. Coverage is available for (but not limited to):

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• insurance agents
• attorneys
• doctors
• nurse practitioners
• consultants
• engineers
• real estate agents
• accountants
• inspectors

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It is important to understand Professional liability coverage does not cover damage to other’s property or injuries. See General Liability coverage. Contact Melissa Ems Insurance Agency where one of our expert advisors can assist you with securing quotes from top rated carriers.

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Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.