Professional Liability Insurance
When your product is advice, expertise, or professional service, a single alleged mistake can turn into an expensive lawsuit. Professional liability insurance — also called errors and omissions (E&O) coverage — protects North Carolina professionals when a client claims your work fell short.
Prefer to talk it through with a real person? Call us at 919-341-0606 — we answer Monday through Friday, 8:30 am to 5:30 pm, right here in Garner.
What Professional Liability Covers
- Negligence claims — allegations that your professional work or advice caused a client financial harm.
- Errors and omissions — mistakes, oversights, or missed deadlines in delivered services.
- Legal defense — attorney fees, court costs, and settlements, which often dwarf the underlying claim.
- Contract disputes — claims arising from services you agreed to provide.
Who Needs It
Consultants, accountants, attorneys, real estate agents, architects, engineers, IT professionals, marketing agencies — anyone paid for expertise or judgment. Increasingly, client contracts simply require E&O coverage before work begins, making it a cost of doing business for service firms.
E&O vs. General Liability
General liability handles physical risks: a client trips in your office, or you damage someone’s property. It does not respond when the claim is about the quality of your work. Professional liability fills exactly that gap — most service businesses need both, and we’ll package them together with your small business coverage.
Frequently Asked Questions
Do I need E&O if I already have general liability?
Yes, if clients pay for your expertise. General liability excludes claims about professional errors and bad advice — that’s precisely what E&O exists to cover.
How much does professional liability cost?
Premiums depend on your industry, revenue, and claims history. Many solo consultants and small firms are pleasantly surprised — call us for a real number.
Is it legally required?
Rarely by law, but frequently by contract. Carrying coverage also signals professionalism that helps you win business.
Protect Your Reputation and Your Revenue
Don’t let one dispute undo years of good work. Insure with You!