You gave your professional best and still got sued. A client claims your advice cost them money. A deliverable contained an error that caused a delay. You missed a deadline and now the client is alleging damages. Professional liability insurance — also called errors and omissions (E&O) insurance — covers the gap between what you did and what a client says you should have done. For any professional who gives advice, provides services, or makes decisions that affect others financially, it is not optional.
What Does Professional Liability Insurance Cover?
- Claims that your professional advice or service caused financial loss to a client
- Errors, mistakes, and oversights in professional work products or deliverables
- Omissions — failing to do something a client expected you to do
- Missed deadlines and failure to deliver as contracted
- Allegations of negligent misrepresentation in professional recommendations
- Legal defense costs from the first letter through trial or settlement
- Claims made by former clients for work completed in prior policy periods (with tail coverage)
- Copyright infringement in professional work product
General Liability Does Not Cover Professional Errors
Your general liability policy covers physical injury and property damage. It does not cover claims that your professional advice was wrong, your work was substandard, or you failed to deliver what was promised. Without professional liability coverage, a client who alleges your services cost them $500,000 in damages can pursue that claim without any insurance coverage responding on your behalf.
Which Professions Need E&O Insurance?
Any business that provides professional services or advice needs E&O coverage: financial advisors and accountants, real estate agents and brokers, attorneys, insurance agents, architects and engineers, IT consultants and technology firms, marketing and advertising agencies, healthcare professionals, HR consultants, and management consultants. In Florida, certain professions require E&O insurance as a condition of licensure. We help you find coverage tailored to your specific professional discipline and risk profile.
Get Professional Liability Insurance in Orlando, Florida
Insure USA, Inc. is an independent agency serving Orlando and all of Florida. We compare Professional Liability Insurance options from multiple top-rated carriers. Call (321) 235-7377 or request a free quote online.