Professional Liability Insurance

If you offer professional services or advice, even a simple mistake can lead to a lawsuit — and serious financial consequences. Professional liability insurance, also known as errors and omissions (E&O) insurance, helps protect service-based businesses and individuals from claims of negligence, errors, or omissions that result in financial loss or injury.


While this coverage is widely known in the medical field as malpractice insurance, it’s essential for many industries — not just healthcare. If a client believes your service or advice caused harm, you could be held personally liable. Without proper coverage, your home, car, savings, and business could all be at risk.

Who Needs Professional Liability Insurance?

This coverage is essential for professionals such as:

  • Accountants
  • Consultants
  • Real estate agents
  • Financial advisors
  • Appraisers
  • Architects & engineers
  • Legal professionals
  • Technology service providers
  • Nonprofit board members and directors

What Does It Cover?

The right policy should be tailored to your industry and may include protection for:


  • Legal defense costs
  • Settlements and court judgments
  • Licensing board inquiries and defense
  • Alleged or actual negligence, mistakes, or failure to deliver services

Common Specialized Coverage Types:

  • Accountants Professional Liability – Covers errors or omissions in accounting services that lead to client financial loss. 
  • Employment Practices Liability Insurance (EPLI) – Protects employers from claims of discrimination, harassment, wrongful termination, and other employment-related issues. 
  • Engineers & Architects Professional Liability – Offers protection from claims related to design errors, structural miscalculations, or professional oversight. 
  • Directors & Officers Liability for Nonprofits (with EPLI) – Covers leadership against claims tied to their roles, plus EPLI coverage for employment-related disputes. 
  • Technology E&O – Protects tech professionals from claims related to system failures, software bugs, data loss, or unmet service expectations. 
  • Umbrella Liability – Adds an extra layer of protection on top of your standard liability limits to safeguard your business from high-dollar lawsuits. 

 

At Rowell Insurance Services, we’ll help you find a policy designed specifically for your profession — so you can focus on doing what you do best, with confidence.