A client alleges that an error in advice caused a costly business decision.
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Commercial Insurance Solution
Professional Liability
Protection for allegations that advice, services, errors or omissions caused a client financial harm.
Request a ProposalWho it helps
Coverage aligned with the exposure
- Consultants, advisers and professional-service firms
- Organizations providing specialized recommendations or deliverables
- Businesses whose contracts require errors and omissions coverage
Claim scenarios
How a claim might arise
A missed deadline or incomplete deliverable leads to a damages demand.
A customer claims professional services did not meet the promised standard.
These examples are illustrative only. Whether a claim is covered depends on the actual facts and the policy’s terms, conditions, exclusions, limits and endorsements.
Review carefully
Exclusions and options to discuss
- Definition of professional services
- Claims-made reporting, prior acts and retroactive dates
- Contractual liability, guarantees and fee disputes
- Defense costs inside or outside policy limits
Prepare for a quote
Information your broker may need
- Detailed description of services
- Revenue by service and client industry
- Contracts, quality controls and professional credentials
- Loss history and desired limits
Frequently Asked Questions
Common questions
Is professional liability insurance required?
Requirements depend on your operations, contracts, state law and other circumstances. A Peloton broker can help identify contractual and practical requirements that apply to your organization.
How is pricing determined?
Insurers generally consider the organization’s size, operations, loss history, limits, deductibles, controls and other coverage-specific exposures.
Can this coverage be coordinated with our other policies?
Yes. Reviewing related policies together can help identify gaps, overlaps and inconsistent terms before a claim occurs.
Talk with Peloton
Build a proposal around your organization—not a generic checklist.
This page provides general information only and is not legal advice or a representation of coverage. Policy terms and availability vary by insurer and risk.