Errors & Omissions (E&O) Insurance

  • Competitive insurance prices from A+ rated insurer
  • Online, no paperwork. Your policy will be emailed instantly
  • Premium starting at just $47/month
  • Over 25,000 small businesses in U.S. have used BizInsure

Get instant quotes

What is Errors and Omissions (E&O) Insurance­­­?

E&O insurance, otherwise known as Professional Liability, can protect your business against claims of misrepresentation, mistake, or negligence. An E&O claim typically alleges that your services, products, or employees caused a third party to suffer some form of financial loss.

Regardless of whether you are at fault, litigation resulting from E&O claims can be expensive, time-consuming, and damaging to your professional reputation. Errors and Omissions insurance can help safeguard professional service providers against potentially devastating financial damages resulting from alleged negligence, an error in the delivery of your services, or other related liability claims.

Coverage is provided for:

  • Attorney fees and other legal expenses
  • Costs and expenses related to a settlement
  • Costs and expenses related to a judgment

Click here for a complete list of Frequently Asked Questions

What does Errors and Omissions (E&O) Insurance cover?

An E&O policy can help protect your business against a variety of claims made against the delivery of your services, your products, or your employees. These include:

  • Errors in your work, including mistakes or omissions
  • Professional negligence
  • Breach of contract
  • Missed deadlines
  • Failure to deliver services

Examples of the types of claims that E&O insurance generally covers include:

  • Providing a client with incorrect advice that causes non-compliance with the law
  • Flaws in your work that cause delays, work to be re-done, or create additional expenses for the client
  • Alleged mistakes or negligence, even if you are not at fault

What is not covered by E&O insurance?

E&O insurance provides important protections to businesses, but there is a limit to what is covered. An E&O insurance policy will not cover events such as:

  • Bodily injury or property damage of a third party: General Liability insurance covers events such as customer injury in your work premises or if you damage someone else’s property while doing business.
  • Work-related injuries or illnesses: Worker’s Compensation insurance covers employee injuries and illnesses sustained during the course of their work.

Your policy documents will provide full details of what is and is not covered by your specific policy.

For everything from General Liability Insurance, Professional Liability Insurance, also known as Errors & Omissions insurance (E&O), Workers Compensation Insurance, and Business Owner’s Policy, let BizInsure be your one-stop-shop for your business insurance needs.

Customer service icon

Speak with our licensed agents today

You can relax knowing you’ve secured the right insurance at a competitive price. BizInsure’s licensed and knowledgeable agents are here to help you find the right product.

Who needs Errors and Omissions (E&O) Insurance?

There are many types of businesses and occupations that may need an E&O insurance policy. Generally, if any of the following apply to you or your business, you may want to consider buying a policy:

  • You provide a professional service to clients and customers
  • You represent clients on their behalf
  • You give professional advice to others that is used to make decisions
  • You have employees who do any of the above

Some of the industries that typically consider Errors and Omissions insurance include:

Finance & Legal – Lawyers, accountants, and even a notary public might need E&O insurance to protect them in their job duties. A Professional Liability policy can shield them against claims of negligence and other risks they commonly face.

Building & Construction – Architects, engineers, and consultants often seek E&O coverage to protect them as they work on complex projects. Coverage can be extended to provide protection long after work is completed.

Health & Wellness – Personal trainers, Pilates instructors, and yoga studios all work closely with customers and clients and may provide them with advice. Professional Liability insurance can protect their business.
and many more.

Minimum amounts of E&O insurance coverage are required for some occupations in many states. Some professional associations may also require their members to hold minimum levels of coverage for licensing or to practice their skills. Finally, clients will sometimes require subcontractors or freelancers to have E&O insurance before they will work with them.

Business Insurance FAQs.

Get instant quotes

How much does Errors and Omissions (E&O) Insurance cost?

The cost of Errors and Omissions insurance can vary greatly from business to business, even within the same industry or occupation. This is because insurers take many factors into consideration when calculating a policy’s premiums.

These considerations may include your:

  • Claims history
  • Geographic location
  • Industry
  • Length in business
  • Revenue size
  • The size of your deductible
  • The amount of coverage desired
  • Risk management procedures

Click here to get quotes for your specific needs.

Frequently Asked Questions

Why Is Errors and Omissions Insurance (E&O) important?

Errors and Omissions insurance can be an important part of protecting your business finances and professional reputation.

Lawsuits are expensive. The costs of defending your business or reputation in court can quickly add up, particularly when a case drags on for months or years. Even a baseless claim may result in thousands of dollars’ worth of legal fees that could financially devastate your business, or even force you to close shop.

E&O insurance could prevent this from happening by covering the legal costs resulting from certain liability claims, up to your limits of liability. It also provides coverage for settlements and judgements, which can also negatively impact your business (and even personal) finances.

Is Errors and Omissions Insurance (E&O) expensive?

BizInsure offers policies from as little as $47/month, depending on the potential exposure you face and the amount of coverage you require.

However, many factors could impact the cost of your E&O Insurance policy. These include your industry, claims history, the amount of coverage you need, as well as other relevant considerations.

Comparing quotes for E&O insurance can give you a better idea of how much a policy that meets your unique business needs will cost.

Do clients require Errors and Omissions (E&O) insurance coverage?

Yes, some clients may require you to have Errors and Omissions insurance coverage before working with them. They may ask for your Certificate of liability Insurance (COI) to prove that you have this insurance and verify how much coverage you have. This requirement is often written into the business contracts that both parties sign before work can begin.

If something goes wrong while you are working for a client, E&O insurance can provide them with greater peace of mind that certain liabilities or losses will be covered. Knowing that you already have this coverage before they start working with you may also give clients more confidence in hiring you. An E&O insurance policy signals that you value your professional reputation and are prepared to defend it, if necessary.

What is the difference between Errors and Omissions and Professional Liability insurance?

There is no difference between Errors and Omissions and Professional Liability insurance. The two names are often used interchangeably, though E&O insurance is typically used more for certain occupations (such as accountants or real estate agents).

Both E&O insurance and Professional Liability insurance provide coverage for a variety of liability claims, such as mistakes, omissions, and breach of contract. Both will pay the legal expenses resulting from a claim, such as court costs, settlements, and judgements. Both provide this protection regardless of whether you are at fault.

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929
Easy to navigate what you need. Always notify ahead of renewal!
Andrew is an asset to your company!
Liability Insurance is not enough for a smallbusiness. BizInsure also has Professional Liability Insurance to protect my business and team from unintended missteps. Thank you for making the process easy.
I renewed my policies , including a few updates, through the on-line portal. It was quick, easy and completed in a few moments. I will not have to revisit thias until 12 months from now. I printed out my documents and have no questions pertaining to my renewal. It was seamless. Thank you Biz Insure
Fast, Simple, convenient
This company is very efficient, easy to manuever their online renewal, I love it and would recommend to anyone.
Awesome service!
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant. They simply make my insurance be easy!
Huge thank you to Andrea, she was patient, kind, & caring! Got my quote fast & at best price!
Excellent and Easy service - Thank you.
Amy was a delight to work with she help me with finding he right policy for my business I can't thank her enough for her help
I purchased liability insurance for my home care agency, Unlimited Gentle Care, and the process was seamless and straightforward, ensuring that every aspect of our liability was covered. This company also offers a great value for the extensive coverage my company receives
BizInsure was an easy way to purchase insurance for my business.Kaleb especially was a great help.Thanks,Rich Valentini
awsom service, perfect price and great policy
I have purchased General Liability Insurance for the past 4 years at BizInsure for my wedding videography small business. In these 4 years, it has always been a smooth process.There must've been some sort of technical issue (potentially due to my change in address), so my policy didn't auto-renew. I called Bizinsure and talked to Paulina, who was beyond helpful. She was very polite and explained things very well. One small detail that I can appreciate is that she often said my name, which shows that their customer service is intentional about personalized communication.In just a few minutes, we updated my account + renewed my insurance for a 5th year. I highly recommend Bizinsure!
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Google Rating
Based on 299 reviews