Professional Liability (E&O) Insurance
Professional liability insurance—also known as errors and omissions (E&O) insurance—helps protect your business from claims related to mistakes, oversights, or failure to deliver promised services. Whether you work in consulting, tech, design, or specialized trades, this coverage can help manage risks in both Florida and Virginia.
Protection for Service-Based Businesses
If your work involves advice, planning, or professional services, there’s always a chance that a client could claim your actions—or inactions—caused them financial harm. Professional liability insurance helps cover the cost of defending against those claims, including legal fees and potential settlements.
From architects in Sarasota to IT consultants in Virginia Beach, this policy is especially helpful in fields where client expectations are high and mistakes can lead to expensive disputes.
Why Professional Liability Insurance Matters
Mistakes happen, and sometimes they lead to more than just a refund request. This coverage helps protect your business when things don’t go as planned.
Covers Service-Related Claims
Protects your business when a client alleges that your services or advice caused financial harm.
Required by Contracts or Licensing Boards
Many professional service agreements and state boards in Florida and Virginia require proof of E&O coverage.
Helps Pay for Defense & Settlements
Provides financial support for lawsuits—even if the claim is groundless.
What Can Professional Liability Insurance Cover?
This coverage is tailored for businesses that provide services or advice as part of their operations.
Negligence or Performance Claims
Covers allegations that your work caused a client financial loss—even if you didn’t make a mistake.
Missed Deadlines or Deliverables
Helps cover claims related to delays, errors, or failure to deliver on project expectations.
Legal Defense Costs
Pays for attorney fees, expert witnesses, and other legal expenses associated with covered claims.
Client Disputes Over Advice
Includes situations where guidance or recommendations are claimed to have resulted in harm.
Personal Data or Confidentiality Breaches
May cover accidental disclosure of client information, depending on the policy.
Court Awards & Settlements
Helps cover financial judgments, subject to your coverage limits.
Professional Liability (E&O) Insurance FAQs
Is professional liability insurance required in Florida or Virginia?
Not by law in most cases, but many licensing boards, clients, and government contracts in both states require it—especially in industries like real estate, finance, healthcare (non-MD), and consulting.
What’s the difference between professional liability and general liability insurance?
General liability covers physical damage or injuries, like slip-and-falls. Professional liability covers financial harm resulting from services, advice, or omissions. You may need both depending on your business type.
What kinds of businesses benefit most from this coverage?
Service-based businesses like consultants, contractors, marketing professionals, designers, engineers, and tech providers in Florida and Virginia are often exposed to client claims—and are common users of E&O policies.
Will my E&O policy cover legal costs even if the claim is false?
Yes. One of the biggest benefits is that legal defense is covered whether or not you’re at fault, which is important in disputes over intangible services or professional outcomes.
How much E&O insurance do I need for my business?
It depends on the size of your contracts, industry standards, and client requirements. We help business owners in both states explore limits that align with their work and risk tolerance.
