Professional Liability

Professional liability insurance is business liability insurance that protects your professional business against claims. This type of insurance is also known as errors and omissions insurance. It is crucial to purchase E and O for your business or if you have multiple businesses you can also have them all covered under one policy. Not only do errors and omissions protect you but it also protects your employees from any mistakes they may make that results in a lawsuit toward your company.

Professional liability insurance cost varies depending on type of business, location, size and what risks are involved. For example, liability insurance for small business is going to cost much cheaper than insurance for large business. Location of business also makes a difference in price, Liability Insurance for professionals in florida may cost less than professionals with liability insurance California.  Another important factor is type of business and what risks are involved, for example veterinary professional liability insurance will cost less than dentists liability insurance. Even if you have an in-home business with no employees it is a wise decision to purchase home business liability E & O insurance.