Errors & Omissions Insurance

Errors & Omissions insurance covers you and your business if you’re sued for performing professional services, even if you haven’t done anything wrong. Get a quote and buy online in under five minutes. Errors & Omissions insurance with APOLLO Business Insurance.

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What is errors and omissions insurance?

Errors and omissions (E&O) insurance — also known as Professional Liability insurance — is a subset of a broader category of liability insurance commonly referred to as professional indemnity insurance or professional liability insurance. This type of insurance is designed to protect professionals against liability arising out of actual or alleged negligence in the performance of their professional duties.


If there is a claim, errors and omissions insurance will step in and the insurer will appoint an experienced lawyer to defend you. They will also pay for the cost of your legal defense (lawyers’ fees, court costs, interest payments on the settlement amounts, etc.) on top of the actual settlement or court awarded judgement made against you if you were to be found liable. Most policies will even cover you for fines and penalties imposed by regulatory bodies.


One important caveat here is that once the insurance company steps in, they will be taking charge of your defense. This means the insurance company can choose to settle a claim even if you feel like you’ve done nothing wrong.

Commonly Asked Questions

What you need to know about E&O Insurance

The short answer is yes. Mistakes happen every day so every prudent professional should have errors and omissions insurance in place.
Even if you did nothing wrong, clients might initiate a lawsuit out of a simple misunderstanding causing you to spend thousands on legal fees before the whole thing is settled. These types of expenses can bankrupt a small business and can serious damage your reputation. An often overlooked benefit of having E&O insurance is that the insurer will be responsible for defending all claims made against you – even if their claims are later shown to be untrue.
Depending on what type of business you’re in, it might also be a legal requirement that you obtain E&O insurance before doing business. This requirement might be imposed by a regulatory body or by business partners.

Every professional is unique and every industry faces its own set of risk and challenges. In response to this, insurance companies have devised different E&O insurance products with coverages tailored that specific industry.

Errors and omissions claims can also have a long tail. You might have serviced a client and not have a claim pop up until a few years later. If you’re still in business, your current E&O insurance will step in to provide coverage. But if you’re going out of business or no longer keeping an active E&O policy, you have the option to purchase a special type of E&O insurance called run-off coverage. This protects you against liability for a certain period of time after your business closes.

Quick & Easy

Our intuitive, proprietary platform lets you customize your policy with several options for limits, deductibles, and multiple types of insurance coverage. Or you can speak with one of our insurance advisors to determine which coverage and policy you need to best safeguard your practice. They’ll help you sort through all the details and create a package with the protection you need.

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