Professional Liability insurance, also known as errors and omissions (E&O) liability insurance, is a specialized coverage important for businesses offering professional services which are not limited to, but including, engineers, licensed insurance professionals, and land surveyors.

 

Despite businesses and individuals best efforts in these professions, errors or omissions in service delivery or operations can occur and could lead to potential losses for clients. Standard general liability insurance policies typically exclude coverage for claims arising from professional services, making professional liability insurance an important specialty coverage in addition to commercial general liability. This coverage not only provides financial protection against actual claims but also covers legal expenses incurred in defending against allegations of mistakes, negligence, and other professional errors.