Errors & Omissions

Protect your business from claims of negligence, mistakes, or financial loss with Errors & Omissions (E&O) insurance. Essential for consultants, service providers, and professionals

A man is pointing at a laptop computer while another man looks on.
Protect your expertise and reputation.

Coverage for professional mistakes and legal claims.

Even the most skilled professionals can face claims of negligence, inaccurate advice, or contract errors. Errors & Omissions (E&O) insurance, also known as professional liability insurance, protects businesses and individuals from lawsuits, legal fees, and settlements arising from professional mistakes or perceived failures in service.

At Stephen Benjamin Insurance Agency, we help businesses secure customized E&O coverage that fits their industry risks. Whether you’re a consultant, financial advisor, real estate agent, or IT professional, we’ll ensure you have the right protection for unexpected claims and lawsuits.


What Errors & Omissions insurance covers.

01

A black and white drawing of a scroll with scales of justice on it.

Legal Defense Costs

Covers attorney fees, court costs, and settlements if your business is sued over professional mistakes.

02

A black and white drawing of a circle with a line through it.

Negligence & Misrepresentation Claims

Protects against lawsuits claiming errors, inaccurate advice, or failure to deliver services.

03

A black and white drawing of a store with a awning.

Industry-Specific Coverage

Essential for consultants, accountants, real estate professionals, IT services, and healthcare providers.

Understanding professional liability coverage.

E&O insurance protects professionals and service-based businesses from legal claims. Here’s what you should know.

A man is typing on a laptop computer while sitting at a table.

  • Who needs Errors & Omissions insurance?

    Any business providing professional services, consulting, or advice can benefit from E&O insurance. This includes real estate agents, accountants, financial advisors, IT consultants, marketing agencies, healthcare providers, and contractors. If your clients rely on your expertise, E&O coverage helps protect your business from legal claims.

  • What does E&O insurance cover?

    E&O insurance covers claims of negligence, mistakes, missed deadlines, inaccurate advice, and failure to deliver promised services. It pays for legal fees, court costs, and settlements if a client sues your business for a financial loss caused by your work.

  • Is E&O insurance required in Massachusetts?

    E&O insurance is not legally required in Massachusetts, but many clients, contracts, and industry regulators require businesses to carry it. For example, real estate professionals, financial advisors, and IT service providers often need proof of E&O coverage to operate.

  • How much does Errors & Omissions insurance cost?

    Premiums vary based on industry, claims history, and coverage limits. Most small businesses pay between $500–$3,000 per year, depending on risk factors and policy terms. High-liability professions like law, finance, and healthcare may have higher rates due to increased litigation risks.

  • Can I bundle E&O insurance with other business policies?

    Yes! Many businesses bundle E&O insurance with general liability, cyber liability, and commercial property insurance for better coverage and lower costs. We’ll help you customize a policy package to fully protect your business against lawsuits, property damage, and other risks.