Winters Oliver Insurance Agency

Professional Liability (Errors & Omissions) Insurance

Business owners are familiar with general liability insurance and many assume that their general liability policy will cover just about everything that could go wrong. While general liability is essential to every business it usually only responds to property damage or bodily injury. Many companies have customer relationships that present the possibility of economic or financial damage to that customer in the course of business.

Consider a consultant’s relationship with a customer. The consultant is usually giving advice or assisting in the execution of a strategy that should theoretically improve profits, aid with employee attraction/retention, or open up new markets for example. The consultant charges a fee in exchange for their services. If a customer implements the consultant’s advice but experiences a negative outcome, the customer may hold the consultant liable for lost profits, customers, or employees.

Since professionals are held to a higher duty of care than the general public, many seek professional liability insurance (also referred to as errors & omissions) to protect themselves against such risk.

Others who purchase Errors & Omission might include:

  • Accountants
  • Attorneys
  • Consultants
  • Healthcare Industry Service Providers
  • Social/Human Service Organizations
  • Medical Device Companies
  • Real Estate Agents & Mortgage Brokers
  • Technology Companies


Winters-Oliver is a specialty insurance agency offering property & casualty insurance and employee benefits to small and middle market businesses.