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Professional Liability / E&O Insurance
Critical protection against claims of negligence, errors, and omissions arising from the professional services you provide.
Defense Against Claims Your General Liability Will Not Cover
Professional Liability Insurance, also known as Errors and Omissions (E&O) coverage, protects businesses that provide advice, services, or specialized expertise from claims alleging negligence, mistakes, failure to deliver, or misrepresentation. Unlike General Liability, which covers physical injury and property damage, Professional Liability covers financial losses your clients claim to have suffered due to your professional work.
If you are a consultant, accountant, attorney, architect, IT provider, real estate agent, or any professional whose advice influences client decisions, a single dissatisfied client can file a claim alleging your work caused them financial harm. Defense costs alone often exceed $50,000 before any settlement is even discussed.
SMAART Company places tailored Professional Liability policies for Florida service professionals and firms. We match your specific practice areas, revenue, and client contract requirements to policies with appropriate retroactive dates, defense cost structures, and coverage extensions that generic online quotes consistently miss.
Core Directives
Practice Protection
Contract Compliance
Retroactive Coverage
Ready When You Are
Operational Milestones
01
Exposure Analysis
Identify your specific professional services, client types, contract obligations, and historical claims to determine coverage needs.
02
Policy Design
Select the right policy form, limits, deductible, retroactive date, and coverage extensions for your practice.
03
Market Placement
Submit your risk profile to specialized E&O carriers to secure competitive pricing and broad coverage terms.
04
Bind Coverage
Finalize the policy, confirm retroactive dates, and issue certificates demonstrating coverage to your clients.
05
Ongoing Management
Annual reviews to adjust limits as revenue grows, add new practice areas, and ensure continuous coverage without gaps.
General Liability Does Not Cover Professional Errors
If a client claims your advice, design, or service caused them financial loss, your CGL policy will deny the claim. Professional Liability is the only policy that responds to allegations of negligence in your professional work.
Included Services & Outcomes
Errors and Omissions (E&O) policy placement
Claims-made vs. occurrence policy analysis
Retroactive date optimization
Tail coverage (Extended Reporting Period) advisory
Regulatory defense and licensing board coverage
Contract liability and hold-harmless coverage
Subcontractor E&O verification
Annual policy review and limit adjustment
Your Expertise Is Your Greatest Asset, and Your Greatest Exposure.
One allegation of professional negligence can cost more in legal fees than an entire year of premium. SMAART ensures your E&O coverage matches how you actually practice.
FAQ
Questions &
Answers
Get answers to the most common questions about our professional liability / e&o insurance services.
Any business or individual that provides advice, designs, recommendations, or specialized services, including consultants, accountants, attorneys, architects, engineers, IT firms, real estate agents, insurance agents, and healthcare providers.
Claims-made policies cover claims reported during the policy period, regardless of when the incident occurred (subject to the retroactive date). Occurrence policies cover incidents that happen during the policy period, regardless of when the claim is reported. Most E&O policies are claims-made.
Tail coverage, or an Extended Reporting Period, allows you to report claims after a claims-made policy expires. You need it if you retire, close your practice, or switch carriers without matching retroactive dates. Without it, you have no coverage for past work.
Most client contracts require $1 million per claim and $2 million aggregate as a minimum. High-revenue firms, those serving enterprise clients, or professionals in regulated industries may need $5 million or more.
Protect Your Professional Practice
SMAART Company places tailored E&O policies for Florida professionals and firms, ensuring your coverage matches your practice, your contracts, and your risk.
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