Professional Liability Insurance
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What is Professional Liability Insurance?
Professional liability insurance, also called errors and omissions insurance (E & O insurance) or indemnity insurance, protects your business if you are sued for negligently performing your services, even if you haven’t made a mistake. View our quote examples to understand how much professional liability insurance costs. Some examples of what could be covered are below.
What Does Professional Liability Insurance Cover?
What is covered?
- Alleged or actual negligence
- Defense costs
- Personal injury (e.g., libel or slander)
- Copyright infringement
- Worldwide coverage
- Temporary staff and independent contractors
- Claims arising from services provided in the past
- Claims and damages
What is not covered?
- Bodily injury or property damage
- Fraudulent acts
- Employment matters
- False advertising
- Patents and trade secrets
- Personally identifiable information
- Other services
Why Do I Need Professional Liability Insurance?
Professional liability insurance coverage gives your business protection from the risks you face in delivering your professional services. The section below discusses everything our professional liability insurance coverage offers since we want you to feel secure about what your policy does and doesn’t cover. You should seriously consider professional liability insurance coverage if your business:
- provides a professional service.
- regularly gives advice to clients.
- is requested by a client to have professional liability insurance to complete a contract.
Example Professions We Insure
Your Professional Liability Insurance Policy Covers Claims Of
Alleged or Actual Negligence
Hiscox professional liability insurance coverage protects your business against errors and omissions, actual or alleged, which occur while providing your professional services. This includes giving incorrect advice, an omission, or failing to deliver your service.
Our job is simple: to be there for you when you need us. When a covered claim is reported, we’ll immediately defend you. We’ll also appoint an attorney if necessary, even if the claim is groundless.
Personal Injury (e.g., Libel or Slander)
Your Hiscox professional liability insurance coverage will protect you against both libel and slander if committed as part of your professional services.
We understand your business faces specific risks. For example, IT or technology consultants can be sued for infringing software code. As a result, we offer IT consultants $200,000 of coverage for damages and claim expenses relating to this risk.
For marketing consultants, we include $200,000 of coverage for damages and claims expenses alleging the infringement of a third party’s copyright or trademark.
Temporary Staff and Independent Contractors
Your professional liability insurance coverage protects you from claims arising from services done by your employees, temporary staff and independent contractors.
Claims Arising from Services Provided in the Past
Hiscox is one of the few insurers to cover unknown claims arising from work completed before you were even insured with us. We cover you even before you purchased your first professional liability insurance policy giving you true peace of mind.
Worldwide Professional Liability Insurance Coverage
Business knows no boundaries. Neither does our coverage. We cover claims arising from work done around the world as long as the claim is filed in the United States, a U.S. territory or Canada.
Claims and Damages
The best-case scenario is to prepare for the worst-case scenario. If you lose a large claim, the costs associated could close your business. Your Hiscox professional liability insurance policy covers claims for damages, including up to $250,000 of punitive damages where allowed by law.
Quote Online or Call a Licensed Insurance Agent
What Your Hiscox Professional Liability Insurance Policy Doesn't Cover
We want our customers to fully understand what they are buying. Below is a summary of some of the key exclusions of your professional liability policy. For complete details of all the exclusions, please read the policy wording.
Bodily Injury or Property Damage
Hiscox professional liability insurance coverage won't cover damages or claims expenses if you injure or damage someone’s property. If you’d like to be covered for bodily injury or property damage liability, please visit our general liability insurance page.
We won’t cover any fraudulent, dishonest, or criminal acts. However, we’ll defend these actions until they're proven to be fraudulent, dishonest or criminal by proper process in court. If this happens, we’ll kindly request that you reimburse us for those costs.
We will not cover you for claims alleging any improper employment practices committed against your employees or for any workers’ compensation claims or employer’s liability claims.
Your Hiscox professional liability insurance will not cover you for any false advertising claims.
Personally Identifiable Information
We will not cover your failure to protect any personally identifiable information in your care, custody or control.
We will not cover any medical, nursing, insurance broker/agent, legal, actuarial, architectural or engineering services, regardless of your occupation. We will also not cover any services you perform not specified by the services endorsement attached to your policy.
Learn More About Professional Liability Insurance
We gathered some of the common questions people ask about professional liability insurance, also known as errors and omissions insurance (E & O insurance). If you have any other questions not listed here don't hesitate to contact one of our licensed advisors, either by phone at 1-866-283-7545 (Monday - Friday, 8 am - 10 pm EST) or email.
Visit our professional liability FAQs page.
Get Liability Insurance that Best Meets Your Needs
Professional liability insurance will not protect you from everything. For example, it will not provide indemnity from another person’s claims of bodily injury. Some people buy other business insurance along with professional liability including:
Why choose Hiscox coverage?
Hiscox specializes in professional liability insurance for professional services businesses like yours.
- Flexible payment options: We offer you the option of making monthly payments (with no additional fees) to help manage your cash flow.
- Tailored Insurance: We specialize in businesses like yours and tailor coverage to the risks in your field.
- Claims responsiveness: When a covered claim is reported, we will immediately defend you even if the claim has no basis and, if necessary, appoint an attorney.
- Coverage for contracts: Our liability insurance coverage satisfies most standard contract insurance requirements.
- Worldwide coverage: We protect you for work done by your business anywhere in the world, as long as the covered claim is filed in the United States, a U.S. territory or Canada.
- Passion for Service: Agents knowledgeable about your business concerns will provide you with excellent service – 4.8/5 of people surveyed recommended us.
Get a fast, free quote now and get that Hiscox confidence behind your business. If you prefer, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday through Friday from 8am-10pm EST.
Quote online or call a licensed insurance agent
Hiscox Customer Reviews
Marjorie, Miami, Florida
Prompt and efficient customer service
Peter, Naples, FL
"Painless experience! It was very easy to get the coverage that was needed. I would definitely recommend this to others in small business."
Jason, Danville, VA
Super easy. Good rate too.
Andrew Thomas Clifton, Chicago, Illinois
Simple. Some of the site was a bit overpacked and it slightly overwhelmed me at times but everything else was great
Leveda, Medora, Indiana
Fast and friendly service
This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Specific coverage terms can vary by class of business. Coverages are subject to underwriting and may not be available in all states.