Professional Liability & Errors and Omissions Insurance
Errors and omissions coverage for consultants, technology firms, healthcare providers, financial advisors, and professional service businesses of all types.
What is Professional Liability?
Professional liability insurance — also known as errors and omissions (E&O) insurance — protects businesses and individuals from claims arising from professional mistakes, negligent advice, or failure to perform professional services as promised. Unlike general liability, which covers bodily injury and property damage, professional liability covers the financial losses that clients suffer when a professional's work falls short. Every business that provides professional services or advice faces this exposure — and most standard commercial policies explicitly exclude it. Grandbay Financial places professional liability programs across dozens of professions and industries.
How We Structure Professional Liability
Claims-Made Coverage
Professional liability policies are typically written on a claims-made basis — covering claims made during the policy period regardless of when the act occurred.
Prior Acts Coverage
Retroactive date coverage for claims arising from professional acts that occurred before the current policy period.
Defense Costs
Coverage for legal defense costs, which can be substantial even when claims are ultimately without merit.
Regulatory Defense
Coverage for professional licensing board investigations and regulatory proceedings.
Tail Coverage
Extended reporting period (ERP) options for professionals who retire, change firms, or switch policy forms.
Industry-Specific Forms
Policy forms tailored to specific professions — technology, healthcare, financial services, consulting, and more.
Professional Liability FAQs
Ready to Explore Professional Liability?
Our specialists will analyze your risk profile and design a professional liability program tailored to your business objectives and risk tolerance.