Professional Liability Insurance
If a client alleges your advice, design, report, or recommendation caused them financial loss - how exposed are you?
Professional Liability (E&O)
Professional Liability insurance (also called Errors & Omissions or E&O) protects your business against claims that your professional services caused financial harm. That includes actual mistakes, alleged errors, missed deadlines, or even situations where you did nothing wrong but still get pulled into a lawsuit.
At Alteri Insurance, we structure E&O coverage around what you actually do and not a generic template policy.
What E&O typically responds to:
Claims of negligent advice or recommendations
Errors in reports, calculations, or designs
Missed deliverables or scope disputes
Failure to meet contractual obligations
Defence costs, even if the claim is groundless
Legal costs alone can be crippling. E&O ensures you have the resources to defend your reputation and your balance sheet.
Who Needs Professional Liability Coverage?
If you provide advice, expertise, analysis, or specialized services, you should strongly consider it.
Common industries include:
Consultants (management, marketing, HR, IT)
Accountants and bookkeepers
Engineers and architects
Software developers and technology firms
Recruiters and staffing firms
Media and publishing companies
In-house counsel and legal professionals
Many contracts require E&O limits before you can even bid on work. In competitive industries, carrying proper limits isn’t optional, it’s table stakes.
Want to get started?
If you are looking for a quicker turnaround on your policy, we have an online store that can help you quote and buy online - check out the links below:
Alteri Online for General Business Categories.
Alteri Online for Health, Wellness, Yogi’s and Personal Trainers.
Otherwise, complete our online form so we can do as much digging as possible before taking any of your valuable time.
What Do Claims Actually Look Like?
Most professional liability claims aren’t dramatic - they’re contractual or financial disputes.
Examples:
A consultant’s strategy fails to produce projected results.
A bookkeeping error leads to tax penalties.
A design flaw causes rework and delay costs.
A client alleges your scope should have included additional services.
Even when the allegation is weak, defence costs are real.
Fast Facts
E&O covers financial loss and not bodily injury or property damage (that’s CGL).
Defence costs can exceed the settlement.
Claims often arise from misunderstandings of scope.
Many policies are claims-made which means timing and retroactive dates matter.
Limits should reflect your largest contracts and not just your revenue.
Professional risk is different from general business risk. One claim can impact years of work building your reputation.
If your business earns revenue from advice or specialized services, E&O isn’t a luxury: it’s protection for your balance sheet.
Alteri Insurance builds professional liability programs designed to hold up when it matters.