When your business is built on your expertise, an honest mistake can lead to a devastating lawsuit. Professional Liability insurance—also known as Errors and Omissions (E&O)—safeguards your business from claims of negligence, errors, or failure to deliver promised services. Barefoot Insurance Broker provides customized E&O coverage to professionals and specialized trades across the United States, ensuring your reputation and bottom line remain protected.
Who Needs Professional Liability?
If your business provides advice, design solutions, or specialized services, you are exposed to professional liability risks. Standard General Liability insurance does not cover financial losses caused by your services. Professional Liability is essential for consultants, architects, IT firms, and specialized trades like HVAC companies and sprinkler contractors who face immense financial risk if their work fails to perform as promised.
What Does It Cover?
Even if a claim is completely groundless, defending yourself in court is incredibly expensive. A robust Professional Liability policy steps in to cover:
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Negligence Claims: Protection if a client alleges your work, design, or advice contained errors that cost them money.
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Legal Defense Costs: Covers attorney fees, court costs, and settlements, regardless of who is ultimately at fault.
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Misrepresentation: Defense against claims that you failed to deliver the services exactly as outlined in your contract.
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Missed Deadlines: Coverage for financial losses a client suffers because your firm failed to complete a critical project on time.
Coast-to-Coast Claims Scenarios
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The Faulty System: An HVAC firm miscalculated the cooling load for a new commercial building; E&O covered the cost to redesign and replace the system.
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The Bad Advice: A management consultant’s strategic advice led to a severe financial loss for a client; the policy covered the resulting lawsuit and settlement.
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The System Failure: A commercial sprinkler contractor’s system failed to activate properly; Professional Liability paid for the extensive damages caused by the system’s failure.
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The Design Flaw: An architect faced a massive claim over a structural design error; the policy covered the complex legal defense costs.
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The Missed Deadline: An IT firm missed a critical software launch date, causing their client to lose vital online sales; E&O handled the financial damages claim.
Why Choose Barefoot?
Because we are licensed in almost every U.S. state, we understand that professional standards, contract laws, and state regulations vary widely. We don’t offer generic policies. We shop the nation’s top-rated carriers to build a customized Professional Liability policy tailored specifically to the unique risks and requirements of your exact profession.