JD
Reviewed by John Doe, CPCU
Licensed Insurance Professional • 15+ years experience
VERIFIED
If you provide advice, design, or professional services, your biggest risk isn't a physical accident—it's a financial mistake. E&O insurance is designed to protect your bank account when a client claims your work cost them money.
What E&O Covers
- Negligence: Mistakes made during a project.
- Misrepresentation: Promising results you didn't deliver.
- Violation of Good Faith: Breach of contract due to expertise failure.
Typical costs for a small IT consultant or marketing agency range from $600 to $1,800 per year.
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About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.