FL E&O / Professional Liability

Shield your career from negligence and malpractice claims. Errors & omissions coverage tailored for Florida professionals. Policies from $500/year.

Frequently Asked Questions

What is professional liability insurance (E&O)?

Professional liability insurance (also called Errors & Omissions or E&O insurance) protects professionals from lawsuits claiming negligence, mistakes, or failure to deliver promised services. It covers legal defense costs, settlements, and judgments when clients sue you for financial losses caused by your professional advice or work. Common for consultants, accountants, lawyers, architects, IT professionals, and anyone providing professional services or advice.

How much does professional liability insurance cost?

Professional liability insurance typically costs $500-$3,000 annually for small professional service businesses, with most paying $800-$1,500 per year. Your actual cost depends on your profession, revenue, claims history, coverage limits, and deductible. Low-risk professions like consultants pay less, while high-risk fields like architects or financial advisors pay more. We compare 40+ carriers to find you competitive rates.

What's the difference between professional liability and general liability?

General liability covers bodily injury and property damage (slip-and-falls, accidents). Professional liability (E&O) covers financial losses from your professional mistakes, negligence, errors, omissions, or failure to deliver promised services. Consultants, accountants, lawyers, architects, and other professionals need both coverages—general liability for physical accidents and professional liability for professional mistakes.

How much professional liability coverage do I need?

Coverage needs vary by profession and client contracts. Many professional service contracts require $1-2 million in coverage. High-risk professions (architects, engineers, financial advisors) often carry $2-5 million. Consider your project sizes, client requirements, and potential claim severity. Higher limits cost more but provide crucial protection—professional liability claims often exceed $100,000 and can reach millions.

Do I need professional liability insurance if I have a contract or LLC?

Yes! Contracts and LLCs provide some legal protection, but they don't eliminate your liability for professional mistakes. Clients can still sue you personally for negligence, and legal defense costs alone can exceed $50,000. Many clients require professional liability insurance before signing contracts. An LLC protects personal assets from business debts, but professional liability insurance protects you from malpractice claims.

Get a free quote or call (904) 900-5063 — Atesa Risk Advisors, independent Florida insurance brokerage.