As a professional, whether you’re an engineer, accountant, lawyer or other professional in private practice, you’re at risk of being held personally liable if you perform work or provide advice that a client feels didn’t perform as promised. From libel and slander to misrepresentation to simple loss documentation or inaccurate advice, the risk of this type of lawsuit can imperil your reputation as well as your finances.

This type of claim of professional negligence can threaten not only the ability of your business to survive but also your personal financial life as well. Which is why we recommend errors and omissions insurance – also known as professional liability insurance – for protection against these types of damaging actions.