When Your Advice Is Your Product

Professional service firms sell expertise. Accountants provide financial guidance. Consultants offer strategic advice. Architects design structures. The value you deliver exists in your knowledge and judgment.

This creates a fundamentally different risk profile. Your clients depend on your advice. When that advice leads to problems, the financial consequences can be severe.

Professional Liability: Your Essential Coverage

Professional liability insurance, also called errors and omissions, protects against claims arising from your professional services. When a client claims your work was negligent, contained errors, or failed to meet standards, this coverage responds.

General liability specifically excludes professional services claims. You could have perfect general liability and still face uninsured exposure from your core activity.

Understanding Claims-Made Coverage

Most professional liability policies are claims-made, covering claims made during the policy period regardless of when the alleged error occurred.

If you switch insurers or let coverage lapse, you could lose protection for past work. Maintaining continuous coverage is crucial.

General Liability: Still Necessary

Professional liability covers your advice; general liability covers everything else. Client visits, property damage, injuries at your premises all need general liability.

Cyber Liability

Professional firms handle sensitive client information. A data breach destroys the trust that professional relationships require.