Business Insurance Links
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Workers' Comp Insurance
Professional Liability Insurance
Professional liability insurance, also called errors and omissions insurance (E & O insurance), protects your business from claims of negligence even if you haven't made a mistake.
Who Needs Professional Liability Insurance?
Small businesses that provide professional services or give advice to clients should consider purchasing professional liability insurance. Professional liability insurance provides protection when a small business owner is sued for negligence when their work doesn't meet a client's expectations.
Professional liability insurance can also be required by a small business' clients when entering into a contract.
Professional Liability Insurance for Small Businesses
Professional liability insurance offers different types of coverage for small businesses:
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​Alleged or actual negligence – Protects a business against actual or alleged errors and omissions when providing professional services, such as giving incorrect advice, an omission, or failing to deliver a service.
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Defense costs – Provides legal defense when a covered claim is reported.
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Personal injury (e.g., libel or slander) – Can provide protection for small businesses against both libel and slander if it’s committed as part of your professional services.
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Copyright infringement – Can provide coverage for damages or claims expenses for copyright infringement.
Note**
Professional liability insurance can also offer coverage for claims from services provided in the past and work performed anywhere in the world.