Errors and Omissions
Helps cover claims alleging a mistake, omission, or failure in the professional services described in the policy.
Professional Liability
Protection for claims arising from professional services and advice.
Professional Liability, also called Errors and Omissions, can respond when a client alleges that your work, advice, or failure to perform caused a financial loss.
Please use the form for initial information only. We will guide secure next steps when more detail is needed.
Who it is for
Consultants, technology firms, designers, accountants, real-estate professionals, and other service businesses whose clients rely on specialized work or advice.
What matters before you compare
- The insured services description must match what the business actually does
- Most policies are claims-made and depend on retroactive and reporting dates
- Contract terms, client concentration, revenue, experience, controls, and past claims influence underwriting
How the process works
01
Tell us what you need
02
We review the risk and available markets
03
A licensed agent explains the options
04
You decide whether to proceed
Coverage education
Common coverages and policy features
Exact coverage depends on the policy form, limits, deductibles, endorsements, exclusions, and carrier approval. These explanations are educational and do not replace the policy contract.
Professional Negligence
Helps defend claims that your business failed to meet an expected professional standard and caused a covered financial loss.
Failure to Deliver Services
May respond to allegations that services were late, incomplete, or failed to achieve contractual requirements, when the claim falls within covered professional acts.
Misrepresentation or Inaccurate Advice
May address covered allegations that a client relied on incorrect information, recommendations, or representations provided in professional work.
Defense Costs
Helps pay eligible legal defense expenses for covered claims. Many policies include defense within the liability limit, reducing the amount left for settlements or judgments.
Start a quote
Professional Liability request
Share the basics for this product. We will review the request and guide the next step based on available markets, eligibility, and underwriting requirements.
Prefer to start with a conversation?
Message us directly. If we need documents or sensitive information, we will guide you to a secure next step.
Chat on WhatsAppPlease use the form for initial information only. We will guide secure next steps when more detail is needed.
Professional Liability: Frequently asked questions
How is professional liability different from general liability?
Professional liability focuses on financial harm from services, advice, errors, or omissions. General liability focuses mainly on bodily injury, property damage, and personal/advertising injury.
What does claims-made mean?
Coverage generally requires the claim to be first made and reported while the policy is active or within an allowed reporting period, and the wrongful act must fall after any retroactive date.
What is a retroactive date?
It is the earliest date of work that may qualify for coverage under a claims-made policy. Moving it forward can create a serious gap for prior services.
Are defense costs inside the limit?
Often yes, but policy forms vary. If defense is inside the limit, legal expenses reduce the amount available to pay a settlement or judgment.
Does it cover a refund of my fee?
Many policies exclude return of fees, guarantees, warranties, or the cost to redo work. The covered claim may be the client’s resulting financial damage, not your original invoice.
Are breach-of-contract claims covered?
Some policies cover negligence allegations arising from a contract but exclude pure contractual liability, guarantees, or obligations beyond common law. Contract wording matters.
Do independent contractors need to be disclosed?
Yes. The policy may cover contractors only under defined conditions, and the carrier may require contracts, qualifications, or their own insurance.
What is extended reporting or tail coverage?
It gives additional time to report claims after a claims-made policy ends for eligible work performed before termination. It does not cover new work performed after the policy ends.
Does submitting the form create a policy?
No. The form starts the review. Coverage exists only after the carrier approves the risk, the terms are accepted, payment requirements are met, and the effective date is confirmed.
How does TerraBridge help with this decision?
TerraBridge gathers the initial context, checks markets available for professional liability, and explains relevant coverages, limits, deductibles, and tradeoffs. Final approval and issuance remain subject to carrier underwriting.
Insurance products are subject to underwriting approval, carrier availability, eligibility, terms, conditions, limitations, and exclusions. Submitting a request does not bind coverage, guarantee a quote, or create an insurance policy. Coverage is only effective when confirmed by the applicable carrier or authorized platform.