Errors and Omissions and Professional Liability Insurance

What is Errors and Omissions Insurance?

Errors and omissions insurance covers your company or you individual in the event that you held responsible for a service failed to provide or a service that failed to met the expected or promised results.

Who needs Errors and Omissions Insurance?

If your company provides any type of service for a fee, then your company is at risk for a lawsuit for failing to fulfill promises.

Professional Liability Versus Errors & Omissions

What is the difference between professional liability and errors and omissions insurance? Who needs this coverage, and what protections does it provide? If you’re a little fuzzy about the difference between professional liability (PL) and errors and omissions (E&O) insurance, you’re not alone.

Here is an industry definition (from IRMI) of professional liability: Coverage designed to protect traditional professionals (e.g., physicians) and quasi-professionals (e.g., real estate brokers) against liability incurred as a result of errors and omissions in performing professional services for clients or customers.

Historically, insurance for professionals such as lawyers was called professional liability; policies for quasi-professionals were labeled E&O. However, insurance companies now tend to use the terms interchangeably.

Both PL and E&O policies cover economic losses suffered by third parties but not property damage — which is typically covered under your general liability policy. Most PL and E&O policies exclude coverage for bodily injury — with the key exception of professional liability/medical malpractice for doctors.

Who Needs Coverage?

In addition to lawyers, doctors and accountants, many businesses need PL insurance. You don’t have to consider yourself a “professional” to need coverage for negligent acts. If you give advice and recommendations, if you create programs or products for your customers or if you provide a service, you need liability protection.

Here are just a few of the professions we serve ...

  • We insure startups!
  • Accountants
  • Architects
  • Authors
  • Bookkeepers
  • Business Executives
  • Collection Agencies
  • Construction Project Managers
  • Court Reporters
  • Data Processors
  • Designers
  • Engineers
  • Environmental Consultants
  • Estate Planners
  • Employment Agencies
  • Financial Advisers
  • Insurance Brokers
  • Lawyers
  • Law Officials / Process Servers
  • Occupational Therapists
  • Paralegals
  • Private & Public Teachers
  • Psychiatrists
  • Real Estate Appraisers, Agents and Brokers
  • Social Workers
  • Tax Preparers / CPA's

Protect your business and save money on your professional liability insurance premiums ... get a free quote for Arizona or Texas errors and omissions insurance coverage from Southwestern Insurance Solutions LLC.

Get a FREE Errors and Omissions – Professional Liability Insurance Quote today!

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Our Experienced Broker Team

Hours: Mon–Fri 8am-4pm

Cheryl Bell - Licensed Business Insurance Broker

Cheryl Bell

31 years experience!

Kristen Vassar - Licensed Business Insurance Broker

Kristen Vassar

24 years experience!

Ann Bruce - Licensed Business Insurance Broker

Ann Bruce

21 years experience!

We work for YOU, not the insurance company! We strive to provide you with exceptional broker service. We are experts at sourcing cost saving solutions for our clients.

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Serving all of Arizona!

  • Bullhead City
  • Carefree
  • Flagstaff
  • Glendale
  • Globe
  • Goodyear
  • Jerome
  • Kingman
  • Mesa
  • Payson
  • Peoria
  • Phoenix
  • Prescott
  • Scottsdale
  • Sedona
  • Sun City
  • Surprise
  • Tempe
  • Tucson
  • Yuma
  • and surrounding Arizona towns and communities!

Serving all of Texas!

  • Arlington
  • Armarillo
  • Austin
  • Brownsville
  • College Station
  • Corpus Christi
  • Dallas
  • El Paso
  • Fort Worth
  • Fredericksburg
  • Frisco
  • Garland
  • Grand Prairie
  • Houston
  • Irving
  • Laredo
  • Longview
  • Lubbock
  • McAllen
  • McKinney
  • Odessa
  • Pasadena
  • Plano
  • San Antonio
  • Waco
  • Wichita Falls
  • and surrounding Texas towns and communities!

Our Affiliations ...

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