Professional Liability Insurance for Service-based Work
Coverage that backs your advice and services
Professional liability, also called errors and omissions insurance, helps when a client claims your work caused financial loss. Tate Insurance Group pairs firms with policies that fit real contracts, from consultants and agencies to engineers and healthcare practices. We size limits to vendor requirements and explain how E&O fits with general liability and your broader business insurance plan.
What professional liability (E&O) covers
Expect help with attorney fees, settlements, and judgments for covered claims of mistakes, missed deadlines, negligence, or failure to deliver promised services. Policies are usually written on a claims-made basis with a retroactive date and options for tail coverage. If your work involves data or software, ask about programs featured on our technology company insurance page to align E&O with cyber protections.
Who needs E&O and how much
IT consultants, marketing firms, real estate professionals, financial services, architects, engineers, and medical practices often need proof of coverage to win contracts or maintain licenses. We review master service agreements, SOWs, and subcontract terms to recommend limits and endorsements that match what partners expect.
Claims support with a local team
If a client alleges an error, call Tate first. Our Knoxville office coordinates carrier counsel, helps gather records, and keeps you informed through every step so you can focus on your business.
Stay Protected From Errors
Common Questions About Professional Liability Insurance
Is E&O required ?
Not by statewide law for most professions, but many clients and licensing bodies require it by contract or rule.
How much professional liability do I need?
We match limits to contract language, industry norms, and your revenue. Many start at one to two million, then adjust.
What is claims-made coverage?
Claims-made responds when the claim is made, not when the work was done, if it is within the policy period and retro date.
Do I need cyber insurance too?
If you handle sensitive data or software, yes. We align E&O with cyber so gaps do not appear between policies.
Is E&O the same as general liability?
No. E&O focuses on financial loss from services. General liability addresses bodily injury and property damage.
