What is Professional Insurance?
Professional insurance, often called professional liability insurance or errors and omissions (E&O) insurance, is designed to protect individuals and businesses that provide professional services or advice. It covers legal costs and damages resulting from claims of negligence, mistakes, or failure to deliver services as promised. This type of insurance is essential for professionals such as consultants, lawyers, architects, accountants, and healthcare providers.

Why Do You Need It?
Even the most experienced professionals can make mistakes—or be accused of making them. Professional insurance helps safeguard your reputation and finances by covering the cost of defending against lawsuits, settlements, or judgments. Without it, a single claim could lead to significant out-of-pocket expenses or even threaten the survival of your business.

Questions to Ask Your Agent

• What types of claims are covered under this policy?

• Does the policy include coverage for legal defense costs?

• Are there any exclusions I should be aware of?

• What is the policy limit and deductible?

• Can the policy be tailored to fit the unique risks of my profession?

• How does the claims-made coverage work compared to occurrence-based?