Professional Liability Insurance
Also called Errors & Omissions Insurance (E&O)
Whether you’re a small-time web developer, or an established photographer; many businesses need Professional Liability Insurance (also called Errors & Omissions Insurance) in order to provide insurance coverage for their daily operations.
Learn more about Professional Liability Insurance
What is Professional Liability Insurance?
Professional Liability (also called Errors & Ommissions or E&O) is an essential coverage for many kinds of businesses. This policy will protect a person or organization against liability claims arising from professional services provided in the course of doing business. Standard limits for an E&O policy range from $500,000 to $5,000,000+ depending on your business operations and specific needs.
Why do I need Professional Liability Insurance?
Damages arising from liability claims can be quite costly. We’ll arrange a policy that not only shields you and your company from liabilities that could arise from your operations, but the expenses of out-of-court settlements, litigation, and judgments awarded by the courts as well. If damages are filed against your organization or you are sued, our reliable insurers can cover the costs for investigation, attorney expenses, and medical expenses in the case of injury.
What types of businesses need E&O coverage?
If your business offers professional services of any kind, you’ll need a Professional Liability insurance policy. Types of operations that require this coverage include:
How much does Professional Liability Insurance cost?
The cost of your insurance policy will depend on certain variables including the type of business, operations, annual revenues, number of employees, deductibles, specified coverages, and the limit of liability requested. We are able to offer terms with premiums as low as $500 for annual coverage.
Please note that completing our application for insurance does not cost anything or require you to proceed with the coverage once a quote is provided – customer service is our first priority.
Additional Available Coverage Options
We are able to offer various types of insurance coverage to supplement your E&O policy, including:
- Property Coverage (Equipment, tools, etc.)
- Commercial General Liability (CGL)
- Directors & Officers Insurance (D&O)
- and more…