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Why do I need errors and omissions insurance coverage?                           Back to Commercial/Business

Errors and omissions coverage, also known as professional liability insurance, provides protection for your professional services business from claims of negligence or failing to perform your professional duties. This section explains what  E & O insurance offers.


What is covered?

What is not covered?

  • Alleged or actual negligence
Bodily injury or property damage
  • Defense costs
Fraudulent acts
  • Personal injury (e.g., libel or slander)
Employment matters
  • Copyright infringement
False advertising
  • Worldwide errors and omissions insurance coverage
Patents and trade secrets
  • Temporary staff and independent contractors
Personally identifiable information
  • Claims arising from services provided in the past
Other services
  • Claims and damages


Errors and omissions insurance policy covers: 

Alleged or actual negligence

Errors and omissions insurance coverage is strongly recommended to protect your business from claims alleging negligence from your professional services including failing in your "duty of care", giving incorrect advice or making mistakes. 

Defense costs

Pay for supplemental expenses you incur as a result of attending an arbitration proceeding trial in the defense of a covered claim. 

Personal injury (e.g., libel or slander)

Protects you against personal injury claims (e.g., libel or slander) that arise while rendering your professional services. 

Temporary staff and independent contractors

Covers claims arising from business-related services completed by your employees, temporary staff and independent contractors. 

Claims and damages

It’s better to be safe than sorry. If you lose a large claim, it can affect the financial stability of your business.


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