Bosworth & Associates 1818 W SW Loop 323 Tyler, TX 75701
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Professional liability insurance covers claims related to professional mistakes or oversights. That could mean missed deadlines, miscommunication, or work that didn’t meet expectations.
This is different from general liability insurance. General liability handles physical damage or bodily injury. E&O focuses on financial harm caused by your services, advice, or deliverables.
E&O policies are tailored to your business, but they generally cover:
It won’t cover fraud or intentional wrongdoing, but it does protect you from the everyday “gray area” situations that can happen even when you’re doing your best.
If your work involves giving advice or providing services, this type of insurance is worth considering. A lot of East Texas professionals work solo or in small teams. That means the business risk falls on you.
Common professions that carry professional liability insurance include:
If a mistake or delay on your end could cost your client money, then E&O insurance is probably a smart move.
We’re not a national brand with a phone tree and an out-of-town call center. We’re a team based right here in Tyler. We’ve been serving East Texas for more than 85 years. We know what local businesses need, and we’re always just a call or visit away.
You won’t get pushed into a generic policy. We listen, explain your options, and build a plan that actually fits your business.
Professional liability insurance is customized. That means the price depends on a few different things:
We’ll help you compare rates and figure out what coverage works for your needs and your budget.
We’ve seen all kinds of situations where this coverage comes in handy. Here are a few examples:
Even if you didn’t do anything wrong, a claim like this can cost thousands to defend. E&O insurance helps protect your business and your peace of mind.
Here’s how the two types of coverage compare:
| Professional Liability (E&O) | General Liability |
| Covers financial harm from mistakes or unmet expectations | Covers physical injury and property damage |
| Designed for service-based businesses and professionals | Designed for any business with public exposure |
| Often required by professional contracts | Often required for standard business operations |
Do I need E&O insurance if I already have general liability coverage?
Yes. General liability does not cover professional errors or financial loss.
What is claims-made coverage?
It means the claim must be made while your policy is active. If your coverage lapses, you may not be protected even if the mistake happened earlier.
What is a retroactive date?
That’s the date your coverage begins. Claims related to work done before that date usually aren’t covered.
Does E&O insurance cover fraud or intentional harm?
No. It’s for mistakes, not criminal behavior.
Can clients require me to carry E&O insurance?
Yes. Many contracts—especially consulting, tech, and design—require proof of coverage before the project begins.
Whether you’re a one-person shop or a growing team, we can help you understand what kind of protection makes sense for your business. Reach out today to learn more about professional liability insurance and errors and omissions coverage in East Texas.
