Professional liability insurance (errors and omissions) protects businesses from lawsuits over mistakes, negligence, or unmet service promises, covering legal and settlement costs.
Covers claims like professional negligence, contract breaches, errors, and misconduct, protecting businesses from both valid and frivolous lawsuits.
Doesn't cover bodily injury, property damage, employee lawsuits (e.g., wrongful termination), or fraud/criminal actions by the business or employees.
Essential for professionals like accountants, architects, consultants, engineers, financial advisors, and medical professionals, and often legally required in healthcare.
Costs vary by industry lawsuit rates, location, coverage needed, number of employees, business duration, and past claims. Median cost is $59/month; get a quote for specifics.
Protect your business from costly lawsuits with professional liability insurance. Get a quote today to ensure you're covered against claims of negligence, errors, and breaches of contract.