Errors & Omissions Insurance
For Service Providers.
Protection for the Work You're Hired to Do
Clients hire professionals for their knowledge, advice, recommendations, designs, and specialized services. Sometimes a client believes a mistake, omission, or failure in those services caused a financial loss.
Errors & Omissions insurance, also known as professional liability insurance, is designed to address certain claims arising from professional services.
The appropriate coverage depends heavily on the profession and the services being provided. Some industries use specialized professional liability or malpractice forms rather than a general E&O policy.
What Errors & Omissions Insurance Can Help Cover
Professional liability policies vary considerably by profession and insurer, but they are generally designed around claims involving professional services rather than bodily injury or physical property damage.
Professional Errors
Claims alleging that an error in professional work, recommendations, calculations, designs, or services caused a client financial loss.
Negligence & Omissions
Certain claims alleging that a professional failed to perform a service properly or omitted something that should have been done.
Advice & Misrepresentation Claims
Certain claims arising from professional advice, recommendations, statements, or representations made while providing covered services.
Defense & Covered Damages
Depending on the policy and claim, coverage may include defense costs and covered judgments or settlements, subject to policy terms and limits.
Professional Liability Reaches Beyond Traditional Professions
E&O is not limited to doctors, attorneys, or accountants. Many businesses provide knowledge, expertise, advice, designs, recommendations, or specialized services that customers rely on.
- Consultants, advisors, and other professional service firms.
- Architects, engineers, designers, and technical professionals.
- Technology, software, IT, and other specialized service providers.
- Real estate, insurance, financial, and related professional firms.
- Businesses whose contracts require professional liability coverage.
E&O Coverage Is Built Around the Profession
A technology firm's professional liability exposure is different from that of an architect, consultant, insurance agency, or real estate professional.
Policy definitions, covered professional services, exclusions, limits, deductibles, defense provisions, and reporting requirements can vary substantially. The policy should reflect the services the business actually provides.
Pay Attention to Claims-Made Coverage
Many professional liability policies are written on a claims-made basis. Policy dates, prior acts or retroactive dates, continuity of coverage, and when a claim is first made and reported can all be important. Changing or canceling coverage deserves careful review.
How DiNicola Can Help
Professional liability coverage should reflect what your business actually promises, performs, and delivers. We help clients look beyond the policy title to the services and contractual responsibilities behind the exposure.
Understand Your Services
We look at what your business does, how you describe your services, and where clients rely on your professional expertise.
Review Contract Requirements
Client agreements may include professional liability requirements, minimum limits, indemnification provisions, or other insurance obligations.
Compare Policy Terms
Covered services, exclusions, retroactive dates, reporting requirements, and defense provisions can differ from one policy to another.
Risk Management Support
Clear contracts, documentation, scope-of-work procedures, quality controls, and communication can help reduce professional liability exposure.
Other Business Insurance
Errors & Omissions coverage is one part of a broader business insurance program. Explore additional coverage options for your business.
Commercial Auto Insurance
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Commercial Property Insurance
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Crime Insurance
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Cyber Liability Insurance
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General Liability Insurance
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Management Liability Insurance
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Workers' Compensation
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Business Insurance Overview
Explore Coverage →This page provides general information about Errors & Omissions and professional liability insurance. Coverage varies by insurer, profession, and policy. Covered professional services, claims, exclusions, limits, deductibles, defense provisions, reporting requirements, retroactive dates, endorsements, and other terms are governed by the policy actually issued.
Let's Talk About Professional Liability
Tell us what your business does, the services your clients rely on, and the contractual responsibilities you take on. We can help you understand how professional liability coverage may fit into your broader insurance program.