Professional liability, often called errors and omissions, responds to claims that your advice, design or service caused a client a financial loss.
What it generally covers
- Claims of negligence or mistakes in professional services
- Legal defense
- Some contract-related claims, depending on wording
Where gaps often hide
- Most are claims-made, so timing matters
- Retroactive dates limit coverage for earlier work
- General liability generally does not respond to these claims
Questions worth asking
- What is my retroactive date?
- What happens if I change insurers or retire?
- Is defense inside or outside the limit?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.