Professional liability

What is professional liability insurance?

Professional liability, also known as Errors and Omissions (E&O) Insurance, insurance covers your business from customer legal disputes arising from professional negligence, mistakes, or missed client deadlines. Costs associated with defending your business, regardless of whether the claims are valid, can be covered under this policy. Certain industries or clients require proof of professional liability insurance to conduct business.

What does professional liability cover?

Negligence

A client may claim that your business was negligent in handling a project or assignment, and your business will be responsible for covering legal costs and damages associated with the accusation.

Unfulfilled Task

A client may accuse your business of not fulfilling a task, in which case you may be required to pay consequential damages.

Mistakes

A client may accuse your business of making professional errors, in which case you may be required to reimburse damages or hire legal counsel to defend your stance.

Who needs professional liability insurance?

Any business that provides any consulting or professional services, should consider sourcing protection from common business risks in the event of potential negligence, errors or third-party accusations. If your business is at risk of making a professional error or omission you should consider a professional liability policy.

See if you're covered

Freelancer

Freelancing is all about keeping things simple and focusing on what you do best.

E-Commerce Merchant

Selling online is hard enough without having to think about what else can go wrong.

Small Business Owner

Managing your own business means you have enough on your plate.