Professional Liability Insurance
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Professional Liability Insurance Guide
Errors and omissions coverage for professional services
Not sure what coverage you need? Take our free 2-minute quiz to get personalized insurance recommendations.
What is Professional Liability Insurance?
Professional Liability Insurance provides essential protection for you and your family. Understanding how it works helps you make better coverage decisions.
Key Features
- Coverage details and benefits
- What’s typically included
- Common exclusions to be aware of
- Cost factors that affect premiums
Who Needs Professional Liability Insurance?
Learn whether this type of coverage is right for your situation and how to determine the appropriate coverage amount.
How to Choose a Policy
Tips for comparing policies, understanding terms, and finding the best value for your needs.
Frequently Asked Questions
Common questions about professional liability insurance answered.
Related Checklists
- Going Freelance Checklist - Professional liability essentials
- Starting a Business Checklist - E&O coverage for new businesses
Related Insurance Types
- General Liability Insurance - Physical injury and property damage claims
- Cyber Liability Insurance - Data breach protection for tech professionals
Related Guides
- Insurance for Self-Employed - E&O coverage for freelancers
- Insurance for Small Business Owners - Business coverage guide
Frequently Asked Questions
What is professional liability insurance?
Professional liability (Errors & Omissions) covers claims arising from professional services—mistakes, negligence, missed deadlines, or failure to deliver promised results. It protects consultants, designers, accountants, lawyers, tech companies, and other professionals from lawsuits alleging their work caused financial harm.
Who needs professional liability insurance?
Any business providing professional services or advice should carry E&O insurance. This includes consultants, IT professionals, designers, architects, accountants, real estate agents, financial advisors, healthcare providers, and lawyers. Many client contracts require proof of coverage.
How is professional liability different from general liability?
General liability covers physical injury and property damage from your operations. Professional liability covers financial losses from your professional services—errors, omissions, negligence, or malpractice. A web designer needs both: general liability if a client trips in their office, professional liability if a website crashes causing lost sales.
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Business by State
Business requirements and costs vary significantly by state. Select your state for specific regulations, average premiums, and local resources.