Professional liability insurance: Do you need it?

Name: Professional liability insurance: Do you need it?
Uploaded: 2023-03-30
Duration: 1 min 11 s
Description: If your business is built on using your expertise, professional liability insurance can protect you from lawsuits filed by unsatisfied clients. In this video, we will provide an overview of professional liability, what it protects you from, and how it saves your business money.

By Insureon Staff

Updated: November 30, 2023

If your business is built on using your expertise, professional liability insurance can protect you from lawsuits filed by unsatisfied clients. In this video, we will provide an overview of professional liability, what it protects you from, and how it can save your business money.

View video transcript.

The success of your small business rides on your expertise. But what if a client feels like you didn't deliver everything that they were promised?

This is where a policy like professional liability insurance could help. So, what is professional liability insurance? Professional liability, also called errors and omissions insurance, helps protect your business from lawsuits filed by unsatisfied clients.

This coverage applies to work mistakes and oversights, undelivered services, missed deadlines, and accusations of negligence.

The cost of professional liability insurance is based on a variety of factors, including risk, business size, and claims history.

Get free professional liability insurance quotes with Insureon today. Click the link to get started!

Professional liability insurance, also called errors and omissions insurance (E&O), helps pay for legal costs when a dissatisfied customer sues your business. It can cover attorney's fees, settlements, and court-ordered judgments.

This coverage is especially important for consultants and companies that offer professional services, and any other business where a mistake or oversight could cost a client money. It's a requirement for certain professionals, depending on the laws in your state and the clients you work with.

Get insurance for your business with Insureon

Complete Insureon’s easy online application today to compare insurance quotes from leading insurance companies. You can also consult with an insurance agent on your business insurance needs. Once you find the right policy for your small business, you can begin coverage in less than 24 hours.