Professional Liability: What You Need To Know

Need Business Insurance?
For more than 200 years businesses have trusted The Hartford. We can help you get the right coverage with an online quote.
Start Quote
Quick Summary
As a professional with extensive knowledge in your area of expertise, you always try to dot all the Is and cross all the Ts in the services you provide to your clients. But no one is perfect. Sometimes, even you can make a mistake. And if a disgruntled client believes your errors have cost them money (even if it’s not true), you might be sued. The cost to defend your company could be a serious drain on your resources. Fortunately, professional liability insurance can provide a level of protection.

What Is Professional Liability Insurance?

Professional liability insurance, or errors and omissions (E&O) insurance, is coverage that protects your company against claims that advice or recommendations you delivered caused your client to suffer financial harm due to errors or omissions on your part.

Why Does My Company Need E&O Insurance?

The costs of defending yourself against lawsuits brought by disgruntled clients can be enormous. Professions that commonly purchase professional liability insurance to help cover legal costs and judgments include, but are not limited to:

When (and How) Should I Purchase E&O Coverage?

The time to buy insurance is before you need it. Since E&O insurance is generally specific to your profession and industry, you will want to work with an insurance professional who understands the unique professional liability risks your business faces.
Need Business Insurance?

Need Business Insurance?

For more than 200 years businesses have trusted The Hartford. We can help you get the right coverage with an online quote.
 
Start Quote

Explore All Safeguards Topics for Startup Business

The content displayed is for information only and does not constitute an endorsement by, or represent the view of, The Hartford.