Professional Liability Insurance (EO insurance) protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract.

Coverage includes legal defense costs - no matter how baseless the allegations. Professional Liability insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.

Professional Liability Insurance Insurance coverage extends to both W2 employees and 1099 subcontractors, and can be worldwide in scope.

We generally recommend Professional Liability Insurance (errors & omissions) be at the foundation of every company’s insurance portfolio. Usually it is wise to purchase the coverage prior to product launch, or when you have customers.

It can be required by investors, particularly VC’s.

Don’t Be Fooled. Professional Liability Insurance - Errors & Omissions - coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for errors, contract performance disputes or any other Professional Liability issues. Companies who have General Liability without Professional Liability Insurance - Errors and Omissions - coverage are taking a serious risk. It’s like a doctor practicing medicine without Malpractice Insurance.

Mistakes Happen. Every company messes up at some point. You Can’t Be Everywhere. Sometimes you can’t personally handle every job. Professional Liability (Errors and Omissions) coverage insures not only your mistakes, but also the mistakes of the employees and Independent Contractors you hire.

Most Importantly: Professional Liability insurance might save you from extreme embarrassment, a lost client, or worst of all, a bad reputation.