PROFESSIONAL LIABILITY & E&O
What Is Professional Liability & E&O Insurance?
Professional Liability, also known as Errors & Omissions (E&O) insurance, helps protect businesses against covered claims alleging errors, omissions, negligence or failure in the professional services they provide.
For businesses that provide professional advice, designs, consulting or specialized services, E&O insurance can help respond when a client alleges that your professional services caused them a financial loss.
What Can Professional Liability & E&O Insurance Cover?
Coverage varies by profession and policy, but may respond to claims arising from professional services and allegations such as.
Professional Errors
Claims alleging an error made while providing professional services.
Omissions
Claims alleging that important information, advice or services were omitted.
Professional Negligence
Allegations that professional services failed to meet the required standard of care.
Misrepresentation
Certain covered allegations involving inaccurate or misleading professional information.
Financial Loss
Certain covered claims alleging a client suffered financial loss because of professional services.
Legal Defence Costs
Defence costs associated with covered professional liability claims.
Coverage is subject to policy terms, conditions, limits, deductibles and exclusions.
Who Needs Professional Liability & E&O Insurance?
Businesses that provide professional advice, designs, consulting or specialized services may face exposures that are not addressed by general liability insurance alone.
Engineers
Engineering firms and technical consultants.
Consultants
Management, business and specialized consulting firms.
Architects & Designers
Businesses providing professional design services.
Technology Companies
Businesses providing technology and related professional services.
Surveyors & Geomatics Firms
Land surveying, mapping and geomatics professionals.
Other Professional Services
Businesses providing specialized advice or services to clients.