GuideProfessional Services
Insurance Checklist for Consultants, Accountants and Agencies
A practical checklist of the coverage professional services firms need, from E&O and cyber to office contents and key person protection.
3 min read
Business Insurance/
Errors & Omissions Insurance
Professional liability coverage for service-based businesses. Protection when advice or services do not go as planned.
Key Features
What errors & omissions insurance covers.
Professional negligence
Errors and omissions
Breach of contract
Failure to deliver
Legal defense
Settlement costs
Coverage Details
What's included.
Professional Negligence
Coverage for claims alleging you failed to perform services with appropriate care and skill.
Errors and Omissions
Protection for mistakes, oversights, or failure to deliver promised services.
Legal Defense
Covers attorney fees, court costs, and other defense expenses regardless of claim outcome.
Settlement & Judgments
Pays settlements and judgments up to policy limits when you are found liable.
Who Needs This
Is errors & omissions insurance right for you?
Errors & Omissions insurance is essential for businesses that want to protect against specific risks in their operations. Here's who typically needs this coverage:
Consultants
IT and technology companies
Accountants
Engineers
Architects
Marketing agencies
Any professional service provider
FAQs
Common questions.
What is the difference between E&O and general liability?
General liability covers bodily injury and property damage. E&O covers financial losses from your professional services and advice.
How far back does coverage extend?
E&O policies typically cover claims made during the policy period for acts going back to a specified retroactive date.
Do I need E&O if I have contracts limiting my liability?
Yes, contractual limitations do not eliminate liability. Many clients require E&O coverage regardless of contract terms.
Coverage Guides
Understand the difference
Industries We Serve
Errors & Omissions coverage for your industry
Explore other coverage types
Insights
Reading on errors & omissions
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E-commerce and Retail Insurance: Product Liability, Inventory and Shipping Risk
Whether you sell from a storefront, a website or both, here is how to protect inventory, shipments, customers and your online operations.
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ArticleTechnology
Tech E&O and Cyber: Why SaaS Companies Need Both
Technology errors and omissions and cyber insurance protect against different failures. For SaaS companies, gaps between them are where claims fall through.
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