Professional liability, often called errors and omissions coverage, addresses certain claims that a service, advice, or professional work caused financial harm. Policy wording and the timing of claims matter.
Reviewed July 20, 202601 · Work
Define every professional service
List advice, designs, recommendations, reports, software, data work, subcontracted services, and regulated activities.
Review claims-made dates, retroactive date, reporting rules, and tail options.
Compare defense costs inside or outside limits, consent-to-settle terms, and contractual-liability exclusions.
Align proposals, scopes, change control, records, and quality review with the coverage application.
02 · Change
Report new services before the claim
A new customer type, technology, jurisdiction, or deliverable can change the exposure. Review material changes with the insurer before relying on existing terms.