What is Professional Liability (Error and Omission)?
E&O, also known as professional liability insurance or professional indemnity insurance, is the core of an effective risk management strategy.
When least expected, a small business may be subjected to a professional liability lawsuit. These suits may claim that you've been negligent or made an error or omission while performing your services. Liability damages may cost hundreds of thousands of dollars.
Professional liability insurance can help you and your firm pay defense costs and judgments that come from claims of professional negligence, error, or omission.
You never know when an unhappy client might file a lawsuit claiming you've been negligent or made an error or omission while performing your professional services. Fortunately, you can minimize financial hardship and help protect your future with a State Farm Professional Liability policy. We offer coverage designed specifically for:
Mistakes happen. But even an innocent error on your part could lead to a client bringing a lawsuit against you for negligence. A State Farm Errors and Omissions Liability policy can help you and your company pay for legal judgments or settlements. It also covers defense costs, which can be substantial even if you're not found liable.
We offer coverage for a wide variety of professional services such as real estate professionals, technology consultants, web designers, management consultants, computer programmers, marketing consultants and many more.
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