Professional Liability / Errors & Omissions (E&O)

Professional liability, also called errors and omissions (E&O), covers a client against claims that their professional advice, service, or work caused a third party financial harm. It responds to the mistakes general liability leaves out.

What professional liability covers

• →Negligence, errors, or omissions in the professional services rendered
• →Failure to deliver a service as promised or on time
• →Misrepresentation and breach of professional duty
• →Defense costs, which are usually inside the limit on claims-made forms
• →Financial loss to a client, with no bodily injury or property damage required

Who needs it

• ✓Consultants, coaches, and miscellaneous professionals
• ✓Technology and IT services firms
• ✓Real estate agents, appraisers, and property managers
• ✓Accountants, bookkeepers, and other advice-based businesses

How to place it through Baker

• →Send us the risk with a description of services, revenue, and prior acts date
• →We quote many miscellaneous and consulting classes same-day
• →You get the terms back to bind for your client

** Terms used here are a summary only. Always refer to the policy form for actual terms, conditions, and exclusions.