Errors & Omissions Insurance

Home For Business Errors & Omissions Insurance

You can protect yourself, your business and your reputation by investing in errors and omissions insurance.

What is errors & omissions insurance?

Errors and omissions insurance (also known as professional liability insurance) is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional. In addition to claims of error, omission, or negligence, E&O insurance can also protect against slander, libel and breach of contract.

Why do you need it?

It is appropriate coverage for anyone who gives advice, makes educated recommendations, designs solutions, or represents the needs of others. Service professionals, such as accountants, computer consultants, software developers, planners, architects, real estate agents, contractors, etc., are prime candidates for carrying E&O insurance.

What is covered with errors & omissions insurance:


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Professionals commit negligence when a mistake they make while providing their professional service leads to a financial loss to someone else.


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Misrepresentation happens when a professional makes a false statement of truth that affects another party’s decision related to a contract. As a result, the contract may be declared void and the other party may choose to seek damages.

Violation of good faith and fair dealing

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Good faith and fair dealing is violated when a party enters into a contract dishonestly and without the resources, capabilities, or intention to fulfill their commitment.  The offending party can be held liable for any damages their violation causes.

Inaccurate advice

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Professionals can be held liable when they give inaccurate advice that causes their client to suffer a negative outcome or loss.

Other coverage options may also be included and are not limited to what has been indicated.

Frequently Asked Questions

How do I know if I need E&O insurance?

If you give advice, make recommendations, or provide a professional service, errors and omissions insurance is for you. This type of insurance protects you against mistakes that negatively affect the clients that purchased your services. If you’re not sure whether your profession requires E&O coverage, your Butler Byers Risk Consultant will help you determine your needs and explore your options.

Is E&O only for independent contractors and small businesses?

Errors and omissions insurance can be a huge help to businesses of all sizes, especially when the business makes recommendations, gives advice, designs solutions, or represents the needs of others.

The Butler Byers team works for you. We learn about your business, help you reduce risk, and work on your behalf to negotiate the best insurance options. Just another way we make insurance easy.