Professional Liability Insurance

Professional Liability, also known as Errors and Omission Insurance, is a specialized policy providing coverage for errors and omissions losses due to professional services or design work.

 

Contractors performing design-build work have a unique professional liability exposure; this is due to a gap in coverage since design work is likely excluded from their standard General Liability policy.

 

Professional Liability also typically provides coverage for vicarious liability arising out of professional services performed by a hired subcontracted, such as an architect or engineer.  In addition, coverage can be written on an annual basis or on a project-specific basis.