Professional Liability Insurance
Comprehensive Errors & Omissions coverage designed for Ohio and Ohio professionals. Protect your small business expertise, safeguard your practice, and focus on what you do best in Columbus, Ohio, and across Canada.
What Is Professional Liability Insurance?
Also known as Errors & Omissions (E&O) Insurance, this coverage protects your Ohio small business when clients allege financial loss due to your professional services, advice, or recommendations.
Who Needs Professional Liability Insurance?
If you provide expertise, advice, or professional services in Ohio, you need E&O protection to safeguard your small business and reputation in the Ohio and beyond.
- Consultants & Coaches
- Technology & SaaS Developers
- Accountants & Bookkeepers
- Architects & Engineers
- Lawyers & Paralegals
- Real Estate Brokers
- Healthcare Practitioners
- Creative Agencies
- Education Providers
- Financial Advisors
- Marketing Firms
- Any Professional Service
Key Benefits
Professional liability insurance provides essential protection for your business and peace of mind for your future.
Professional Negligence
Protection against allegations of errors, omissions or professional negligence.
Legal Defence Costs
Coverage for legal expenses, court costs and lawyer fees when claims arise.
Settlements & Judgements
Payment of settlements or court-awarded damages, up to the policy limit.
Retroactive / Prior Acts
Coverage for work performed before the policy inception date (where eligible).
Professional Liability vs. General Liability
Understanding the difference helps ensure you have the right coverage for your specific risks.
| Professional Liability (E&O) | Commercial General Liability (CGL) | |
|---|---|---|
| Type of Loss | Financial / Economic loss Intangible damages, lost profits, business interruption |
Bodily injury & property damage Physical harm, tangible property damage |
| Typical Claim | Client alleges bad advice, missed deadline, or design error "Your recommendation cost me $50,000" |
Slip-and-fall, property damage, advertising injury "Someone fell at your office" |
| Who Needs It | Consultants, tech firms, service providers Anyone providing advice or professional services |
Most bricks-and-mortar businesses Retail, restaurants, manufacturers, contractors |
| Policy Trigger | Error, omission, negligence in professional services Claims-made basis |
Accident causing physical harm or property damage Occurrence basis |
| Defence Costs | Often inside the limit Reduces available coverage for settlements |
Usually outside the limit Separate from liability coverage |
| Coverage Limits | $1M - $10M typical Based on industry and revenue |
$1M - $5M typical Standard limits often sufficient |
| Retroactive Coverage | Available with retro date Protects work done before policy start |
Not applicable Covers incidents during policy period |
| Common Exclusions | Intentional acts, fraud, bodily injury Cyber liability (separate policy) |
Professional services, employment practices Auto liability (separate policy) |
| Cost Factors | Industry, revenue, claims history Higher risk = higher premiums |
Business type, location, size Standard rates for most businesses |
| Claims Process | Complex, often requires legal expertise May involve expert witnesses |
Straightforward, property damage assessment Medical evaluation for injuries |
Frequently Asked Questions
Common questions about professional liability insurance coverage.
Get Your Professional Liability Quote
Start protecting your business today. Our team will respond within 2 hours.