Professional liability insurance, also sometimes referred to as Errors and Omissions insurance or E&O, protects businesses or individuals in the event that a customer holds your company or business owner responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results.
Professional liability insurance is separate from a General Liability (GL) insurance policy which would cover you mainly for bodily injury or property damage liability.
Instead, professional liability protects you if a client or customer claims that the advise or professional services you provide caused them to incur a financial loss. Unlike other types of insurance, professional liability insurance covers any lawsuit that would be brought against you based on errors, omissions, mistakes or other actions by you that your client claims caused them harm. At Lighthouse Insurance Agency, we will partner with our insurance providers to customize a Personal Liability Insurance Policy that fits your needs.
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