Errors & Omissions Liability

If you have a small business, you already know you need general liability insurance to protect your business against risks such as bodily injury and advertising injury. Some types of businesses or professionals, however, can also benefit from another type of coverage called Errors & Omissions Liability (also known as Professional Liability insurance).

We all make mistakes, and occasionally we can also forget to do something we should do. You can put processes in place to minimize errors and omissions — and in a perfect world, that would be enough. The world keeps changing though and mistakes can still happen. Errors and omissions coverage protects your business against human errors that cause financial losses to others. Your professional liability coverage also protects your business against claims due to inactions or oversights.

Because professional liability insurance is tailored to professionals in each industry, this coverage isn’t available as a home insurance endorsement or as part of a business owners’ policy. Instead, it’s offered as a standalone policy that can be paired with other key coverages as part of a well-planned risk-management strategy.

Learn more on our Error’s and Omissions Liability blog.