Professional Liability and Errors & Omissions
Protection for the advice and professional services you provide.
Professional liability, or errors and omissions, may help address claims tied to the professional services or advice a business provides. It is often reviewed by firms whose work creates financial consequences for clients.
Some products may be referred to a third-party provider.
Information to Prepare
- • Services provided and professional designations
- • Client contracts and engagement terms
- • Revenue from professional services
- • Prior claims history
- • Current policies, if any
- • Data and records practices
What This Coverage May Help Address
- Covered claims of professional negligence or errors
- Certain legal defense for covered professional claims
- Certain settlements or judgments for covered matters
- Protection tied to the advice and services you provide
Common Scenarios
- A client alleges an error caused a financial loss
- A professional service falls short of expectations
- A covered claim arises from advice you provided
- A client brings a covered errors and omissions claim
What May Not Be Included
- ✕ Bodily injury and property damage to third parties
- ✕ Employee injury and workplace incidents
- ✕ Cyber and data compromise exposure
- ✕ Intentional or dishonest acts
Who May Benefit
- Firms that provide advice or professional services
- Consultants, accountants, and advisors
- Medical, dental, and design professionals
- Businesses whose work creates financial consequences
Professional Liability and Errors & Omissions — Frequently Asked Questions
Ready to talk about Professional Liability?
Share how your business operates and start a conversation with a Dallas-Fort Worth commercial insurance professional.
Availability, eligibility, underwriting company, terms, and coverage options vary. Speak with the agency to determine which products may be available for your business.
Some commercial insurance products may be offered by, administered by, or referred to third-party companies that are not affiliated with Texas Business Insurance. Each insurer is solely responsible for the products it issues and its financial obligations.
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