Professional Liability Insurance in Dallas
Covers claims of negligence, errors, or omissions in professional services. Essential for consultants, CPAs, IT firms, and architects in Dallas.
What Professional Liability (E&O) Insurance Covers
Professional liability insurance — also called Errors & Omissions (E&O) — covers financial losses your clients suffer due to your professional mistakes, negligence, or failure to deliver services as promised. Unlike general liability, which covers physical injury, E&O covers pure financial harm.
Who Needs E&O in Dallas
Consultants, accountants, architects, engineers, IT companies, real estate agents, financial advisors, marketing agencies, and any business that gives professional advice. Many Dallas clients and contracts require it before you can work together.
What Professional Liability Costs in Dallas
Solo consultant: $500 to $1,500/year. Small firm (5-10 employees): $2,000 to $5,000. Larger firms with higher revenue: $5,000 to $15,000+. Industry, revenue, and claims history are the primary factors.
"A client sued us for a missed reporting deadline. Our E&O policy covered the entire defense and settlement — over $85,000. Without it, we would have closed."
Frequently Asked Questions
Still have questions? Call us at (214) 555-0100 or request a free quote.
General liability covers bodily injury and property damage. E&O covers financial losses from professional service errors. They protect against different risks — most professionals need both.
E&O policies are typically "claims-made," meaning the policy must be active both when the incident occurs and when the claim is filed. Tail coverage extends protection after you cancel.
Yes. Hold harmless clauses don't eliminate your liability — they just shift it contractually. E&O pays regardless of contract language.
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