Professional Liability Insurance for Contractors
Protect your professional reputation and your finances. Professional liability (Errors & Omissions) insurance covers claims that your services, advice, or design caused a client financial harm — even if you made an honest mistake.
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What Professional Liability (E&O) Insurance Covers
Negligence Claims
Covers claims that your professional services fell below the standard of care expected in your industry, causing financial loss to a client.
Errors in Design
If you provide design, engineering, or technical specifications that contain errors, E&O covers the cost to defend and resolve the resulting claim.
Omissions
Protects against claims that you failed to include critical information, disclosures, or services that were part of your professional scope.
Missed Deadlines
If a missed deadline or failure to deliver on time causes a client financial harm, professional liability covers your defense and damages.
Project Management Errors
General contractors who manage subcontractors and project schedules can be held liable for management failures that result in cost overruns or delays.
Defense Costs
Even frivolous claims cost money to defend. E&O covers your legal defense costs — which can run into six figures — regardless of whether the claim has merit.
Contractors Who Need Professional Liability Coverage
Professional liability insurance is no longer just for architects and engineers. As contractors take on more design-build work, project management responsibilities, and technology integration, their exposure to professional liability claims grows significantly.
E&O vs. General Liability: Why You May Need Both
General liability covers physical risks — a worker drops a tool and breaks a client's window, or someone trips over a cord on your job site. Professional liability covers intellectual and professional risks — your design specification is wrong and the client has to tear out and redo work, or your project management error causes a $200,000 construction delay.
Most contractors need both. GL for the physical work and E&O for the professional judgment, design, and consulting components of their services. Altamira can bundle these coverages efficiently to minimize cost and gaps in protection.
Professional Liability Insurance — FAQs
Protect Your Professional Work
Get a professional liability quote for your trade or specialty. Expert service available.