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Professional Liability Insurance

The protection you need against errors and omissions

average rating is 4.7 out of 5, based on 10001 votes, + Happy Clients

What is Professional Liability Insurance?

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As a professional, it’s your responsibility to adhere to certain standards and best practices for your industry. If a client feels that you made a mistake or oversight with your services, they could claim that you didn’t meet those standards and sue your company for economic damages. Errors and omissions insurance protects you in the event that a client accuses your business of making a mistake (an error) or failing to do something (an omission) – even if that claim proves to be unfounded.

When you make a living off your expertise, you need comprehensive, cost-effective insurance to protect you financially from damages or legal costs that may arise. Professional liability insurance, also known as errors and omissions or professional indemnity insurance, provides the coverage you need. And when you get it from PeoplesAlly, you’ll save up to 20% over other providers.

Why Do I Need Professional Liability Insurance?

If your business is prone to making mistakes, you probably need professional liabiltiy insurance. Professional liability insurance from PeoplesAlly helps protect your business if you made a mistake (error) or failed to perform a service (omission). Professional indemnity insurance, another name for professional liability insurance, also covers the related defense costs, even from groundless claims.

Advantages of Having Professional Liability Insurance

In each of the below cases, professional liability insurance covers the costs for legal defense and damages. Plus, PeoplesAlly provides an attorney to represent you. PeoplesAlly also covers client damages – including punitive damages, if permitted by law in your state. Punitive damages can be quite high, as they are assessed by courts on top of other damages. This is an effort to punish those allegedly at fault even further. If your state allows these damages to be covered by an insurance policy, PeoplesAlly covers up to the policy limit.

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Negligence is the failure to use proper care in performing a task. An example would be that you are careless in handling a client’s data and it is stolen.

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In this instance, you’re being held responsible for a mistake made by you or your employee that caused your client a financial loss.

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Unfulfilled Promises

This is when you make a promise that doesn’t come to fruition for a customer, such as when you say your app will back up their data and it fails to do so.

What Does Professional Liability Insurance Usually Cost?

Typically, our professional liability insurance policies start around $250 and can go up into the thousands. This cost is based on a number of factors, such as your specific industry, the level of coverage you choose, your years in business, number of employees, revenue, and the policy limits you need. Professional liability insurance is an affordable way to further protect your business, but there are still ways you can further reduce the cost.

We specialize in offering popular insurance products for the new industry norm given the 2020 pandemic.

Contact us now to talk to a professional.

We Are Insurance Experts

We have over 10,000 satisfied customers and 30+ years of insurance experience. We have seen it all and can get you the best package for your needs.

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at Cheapest Rate

We get you the best value for your dollar on all insurance products. No hidden costs and no surprises. 

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3-Minute Quote

We don't hassle you with pushy sales pitches. Fill out our one pager quote sheet in far less time than others.

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We only require some basic info for a generic quote. No need to provide sensitive information and no spam.

Providing People with Protection Everywhere

PeoplesAlly is trusted by thousands of businesses no matter what size. We can help you meet your insurance needs in any industry or line of business.

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There are many kinds of insurance out there, but as an accounting & finance business owner, you have very unique needs. At PeoplesAlly, we’ll help you understand what kind of insurance is best for you. Just fill out a simple form online or speak with one of our licensed insurance experts to get a free quote. Plus, with PeoplesAlly, you can purchase a policy, manage it, and submit claims online for ultimate convenience.


“The PeoplesAlly team is extremely knowledgeable and will work hard to find you the best quality and price available. Very professional, no bait and switch, and will give you the bottom line even if it means losing you as a customer. I appreciate honesty rather than sleazy sales people.  

—  Samantha D

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Find out more about what makes us a great company. Learn the basics of various insurance policies we offer. Keep up with the latest news and resources.


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