Professional Liability (E&O)
Insurance for claims that your design, advice or reports caused a client a financial loss. Also called errors and omissions.
What it means for your firm
It usually responds to defense costs and settlements for covered claims, up to the limit and subject to the policy terms and exclusions.
For A&E firms it is the core policy, and the one where form, retro date and deductible details matter most.
Articles that explain it
Finishing Another Firm’s Project. What Happens to Your Professional Liability When You Stamp Drawings You Didn’t Start Your Revenue Went Up, So Did Your Premium. How Professional Liability Is Priced, and Why Money You Pass to Consultants Still Counts What Is the Design-Build Coverage Gap Between GL and Professional Liability? My Professional Liability Covers a Hack, Right? Charging a Percentage of What You Save: Value-Based Fees and Your Professional Liability Coating Inspectors and Corrosion Consultants: Professional Liability for the People Who Find the Failures
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
Talk to a specialist
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.