Professional liability insurance, also called errors and omissions insurance (E&O insurance), protects your business if you are sued for negligently performing your services, even if you haven’t made a mistake. Professional Liability insurance is your most critical coverage. It protects you and your business from potentially catastrophic litigation caused by charges of professional negligence or failure to perform your professional duties. This might include errors and omissions resulting in loss of client data, software or system failure, claims of non-performance, or negligent oversell.

You should seriously consider this coverage if your business:

• provides a professional service.
• regularly gives advice to clients.
• is requested by a client to have professional liability insurance to complete a contract.