Professional Liability Insurance, also known as Errors and Omissions Insurance, is designed to protect professionals against liability incurred as a result of errors and negligence in their services. This insurance is crucial for consultants, accountants, and other service-based professionals who face the risk of claims that could challenge their financial stability and professional reputation.

Whether you’re just starting out or looking to enhance existing coverage, this insurance offers a safety net against potential legal costs and claims. Our affordable plans are tailored to meet your professional needs, helping to make vital protection accessible without overextending your budget.

While Professional Liability Insurance, or Errors and Omissions Insurance, is comprehensive, there are specific exclusions you should be aware of. This policy does not cover criminal prosecution, and it cannot be used to mitigate intentional illegal acts or dishonesty. Additionally, general liability issues such as bodily injury or property damage to others, which are typically covered under a General Liability Insurance policy, are not covered under Professional Liability Insurance.

Furthermore, claims related to employment practices, such as discrimination or wrongful termination, are also excluded from this coverage (Employment Practices Liability Insurance (EPLI) is available separately for those exposures). Understanding these limitations is crucial as you consider the scope of protection your business needs. It’s important to complement your Professional Liability coverage with other types of insurance to ensure complete protection against all potential business risks.