Protect Your Professional Reputation

Mistakes happen. E&O insurance covers you when clients claim your advice or services caused financial loss.

Why E&O Insurance Matters

• Lawsuits can exceed general liability limits.

• Protects your assets, savings, and future income.

• Often required by contracts or clients.

• Affordable way to safeguard your business.

Who Needs E&O Insurance

• Consultants, advisors, accountants, architects, engineers, designers.

• Real estate agents, property managers, insurance agents, mortgage brokers.

• Tech professionals, software developers, marketing agencies.

How Much Coverage Do I Need?

Most businesses carry $1 million to $5 million in Errors & Omissions (E&O) coverage, but the right amount depends on your industry, annual revenue, client contracts, and risk exposure. A common rule of thumb is to buy coverage equal to 5–10% of annual revenue.

Key Considerations for E&O Coverage

1. Industry & Risk Profile

• High-risk professions (consultants, financial advisors, IT providers, healthcare, real estate) often need higher limits.

• Lower-risk businesses (small retail, light service providers) may get by with lower coverage.

2. Client Contracts

• Many contracts require minimum E&O coverage (often $1M per claim).

• Larger clients may demand higher limits, especially in tech, finance, or healthcare.

3. Annual Revenue

• Rule of thumb: 5–10% of annual revenue as coverage.

  • Example: $2M annual revenue → $100K–$200K minimum coverage.

• Higher revenue = higher liability exposure.