Professional Liability/ Errors & Omissions

Errors and omissions (E&O) insurance (also known as professional liability insurance) is a vital component of the complete insurance package for many of today’s thriving businesses — but, how do you know if your company needs it? Whether or not you should be carrying E&O/ professional liability insurance largely depends on the nature of the services that you provide. Most of us are familiar with the malpractice insurance carried by health professionals, and E&O/ professional liability insurance insurance is not that different. E&O insurance is carried by businesses who have the potential to make errors (or omissions) that could open up the business to substantial liability. E&O/ professional liability insurance coverage typically covers judgments, settlements, and defense costs associated with legal action arising from an E&O claim.

Who Typically Carries E&O Insurance?

Doctors, lawyers, accountants, architects, engineers, consultants and other professionals carry E&O insurance as part of their standard insurance package. These professions require that practitioners protect themselves from mistakes that can happen from time to­ time, even to the best of us. Even if you are not working in one of the aforementioned fields, E&O/ professional liability insurance is beneficial for those in professions such as designers, event planners, caterers — basically any profession where an oversight or error could result in costly litigation.

Steers Insurance Can Help Select The Right Coverage

There are a lot of questions associated with E&O coverage/ professional liability insurance, and your best resource is your professional insurance agent. Your agent can help select a policy that covers the specific exposures associated with your industry, ensuring that you’re paying for coverage that fits your needs. E&O coverage / professional liability insurance can be a complicated product, so an experienced agent is going to be your greatest asset in exploring this important insurance.


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Insurance brokers do not work for an insurance company, they work for you.  That’s the key thing that separates them from all other purchase options.  It means you have more advice, more choice, better pricing and a representative that’s on your side in the event of a claim.


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