Professional Liability Insurance

Liability protection for advice and services

Protect yourself from costly mistakes

Also known as Errors and Omissions (E&O Insurance), professional liability insurance protects your business from claims of negligence related to a professional service.

Who needs professional liability insurance?

Small businesses that provide professional services or give advice to clients should consider purchasing professional liability insurance. It provides protection when a business owner is sued for negligence because their work doesn't meet a client's expectations.

Professional liability insurance can also be required by a small business' clients when entering into a contract.

Types of coverage

Professional liability primarily differs from general liability in the types of risk it covers. Professional liability insurance offers a variety of coverage for small businesses:

  • Alleged or actual negligence - Protects a business against actual or alleged errors and omissions when providing professional services, such as giving incorrect advice, an omission, or failing to deliver a service.
  • Defense costs - Provides legal defense when a covered claim is reported.
  • Copyright infringement - Can provide coverage for damages or claims expenses for copyright infringement.

Professional liability insurance can also offer coverage for claims from services provided in the past and work performed anywhere in the world.

Professional liability insurance cost

Learn which attributes of your business influence the cost of professional liability insurance, and discover ways to reduce your premium.

Find out if your business is eligible for professional liability insurance with Progressive. A licensed commercial agent can help tailor a policy to your unique business. Call us today, or start a quote online.

More information