Professional Liability Insurance
Protect your business from claims involving professional mistakes, missed deadlines, and advice that causes a client financial harm. Our local agents compare options from top insurance carriers to help you find coverage suited to your services.
Trusted By 12K+ Clients Across Florida
What Is Professional Liability Insurance?
Professional liability insurance helps protect businesses and professionals against certain claims arising from the services or advice they provide. It is also commonly called errors and omissions insurance, or E&O insurance.
Even when you have done nothing wrong, responding to an allegation can be expensive. Bay Road helps you compare policies from multiple carriers and find coverage designed around your profession and potential exposures.
What's Typically Covered?
Professional liability insurance can address several types of claims related to your professional services. Exact coverage depends on the policy and your industry.
Professional Negligence
Helps protect against claims that your services failed to meet expected professional standards and caused a client financial harm.
Errors And Omissions
May cover claims involving mistakes, oversights, or important information allegedly left out of your work.
Misrepresentation
May help protect against certain claims that your business provided inaccurate or misleading information while delivering professional services.
Failure To Deliver Services
Can address covered allegations that your business failed to provide an agreed-upon service or meet a professional obligation.
Legal Defense Costs
Helps pay eligible attorney fees, court costs, and other expenses associated with defending your business against a covered claim.
Settlements And Judgments
May help pay covered settlements or judgments, up to the policy’s applicable limits.
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Frequently Asked Questions
Who needs professional liability insurance?
Businesses that provide advice, consulting, designs, recommendations, or specialized services may benefit from professional liability coverage. Clients and contracts may also require a policy before work begins.
Is professional liability the same as errors and omissions insurance?
The terms are often used interchangeably. Certain professions may refer to the coverage as professional liability, errors and omissions, or malpractice insurance, although policy forms and protections vary by industry.
What is the difference between general liability and professional liability?
General liability typically addresses certain third-party claims involving bodily injury, property damage, and personal or advertising injury. Professional liability focuses on claims of financial harm arising from professional services, advice, errors, or omissions.
Does professional liability cover claims against past work?
Many professional liability policies are written on a claims-made basis. Coverage for earlier work may depend on the policy’s retroactive date and whether the claim is reported while qualifying coverage is active.
What does claims-made coverage mean?
A claims-made policy generally must be active when a claim is made and reported. The underlying work must also fall within the policy’s coverage period or applicable retroactive date.
How much professional liability coverage do I need?
Appropriate limits depend on your profession, contract requirements, client size, potential financial exposure, and the cost of defending a claim. An agent can help you evaluate these factors.
What affects the cost of professional liability insurance?
Pricing may depend on your profession, services, revenue, number of employees, client types, coverage limits, deductible, claims history, and selected policy features.
How do I get a professional liability insurance quote?
Request a quote online or contact a local Bay Road agent. Information about your services, experience, revenue, clients, contracts, and prior claims will help us compare available options.
Professional Liability Insurance Near You
Our local agents help professionals and businesses throughout the communities we serve.
Professional Liability Insurance Boca Raton
Professional Liability Insurance Marathon
Professional Liability Insurance Plantation
Professional Liability Insurance Port St. Lucie
Professional Liability Insurance Big Pine Key
Professional Liability Insurance Key Largo
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