What Does Professional Liability Insurance Cover?

Professional liability, also called errors and omissions, covers specified claims that professional services or advice caused client harm, often a financial loss. Covered costs can include defense, settlements, and judgments, subject to the issued form.

Match the services named in the quote with your contracts and actual work. Check the wrongful-act and claim definitions, retroactive and reporting dates, exclusions, deductible, whether defense costs reduce the limit, and any extended reporting option.