Professional Liability (Errors and Omissions, E&O)

Designed to protect your company against liability incurred as a result of errors and omissions while performing your professional services. Most professional liability policies only cover economic or financial losses suffered by third parties, as opposed to bodily injury (BI) and property damage (PD), which should be covered under your General Liability policy. And most are written on a claims-made basis with defense cost typically inside the limits.