PROFESSIONAL LIABILITY INSURANCE IN COLORADO SPRINGS
Protect your business from covered claims involving professional errors, omissions, negligence, or advice that causes a client financial loss.
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Multiple Insurance Companies
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Insurance Experience Since 2011
PROTECTION FOR THE WORK YOU DO
Professional liability insurance, also called errors and omissions coverage, helps protect businesses that provide professional services or advice.
ERRORS & OMISSIONS
Helps protect your business when a client alleges that an error or omission in your professional services caused a financial loss.
NEGLIGENCE CLAIMS
Helps cover certain claims alleging that your business failed to meet an expected professional standard of care.
INACCURATE ADVICE
Helps protect against covered claims that professional recommendations, consulting, or advice caused a client financial loss.
MISSED DEADLINES
May provide protection when a client alleges that a missed deadline or delayed service caused a covered financial loss.
FAILURE TO DELIVER SERVICES
Helps protect your business from certain claims that promised professional services were incomplete, inadequate, or not delivered.
LEGAL DEFENSE COSTS
May help pay eligible attorney fees, court costs, and other defense expenses associated with a covered professional liability claim.
Protection For Your Expertise.
Personal Guidance.
As an independent insurance agency, McCloskey Advisor Group can compare coverage from multiple insurance companies instead of offering products from only one company. We look beyond the price to help you understand the coverage, limits, deductibles, and options included with each quote.
✓ Quotes from multiple insurance companies
✓ Coverage explained in plain language
✓ Options based on your profession and services
✓ Continued support as your business grows
RELATED COVERAGE FOR YOUR BUSINESS
GENERAL LIABILITY
Helps protect your business from covered third-party bodily injury, property damage, and personal or advertising injury claims.
CYBER LIABILITY
Helps protect against covered data breaches, cyberattacks, ransomware, and other digital risks.
EMPLOYMENT PRACTICES LIABILITY
Helps protect against certain employment-related claims involving discrimination, harassment, retaliation, or wrongful termination.
COMMERCIAL UMBRELLA
Provides additional liability limits above certain eligible underlying business policies.
Professional Liability Insurance FAQs
Answers to common questions about professional liability (errors and omissions) insurance in Colorado from McCloskey Advisor Group, your local independent agency in Colorado Springs.
What is professional liability insurance?
Professional liability insurance helps protect businesses against certain claims that professional services, advice, errors, or omissions caused a client financial loss. It is also commonly called errors and omissions insurance.
Who needs professional liability insurance?
Consultants, accountants, real estate professionals, technology firms, designers, health and beauty providers, and other businesses that provide specialized services or advice may benefit from this coverage.
Is professional liability the same as errors and omissions insurance?
The terms are often used interchangeably. However, the name and type of coverage can vary by profession and insurance company.
What types of claims can professional liability insurance cover?
Depending on the policy, coverage may apply to professional mistakes, negligence, inaccurate advice, missed deadlines, incomplete services, legal defense expenses, settlements, and judgments.
Does general liability cover professional mistakes?
General liability insurance typically focuses on third-party bodily injury, property damage, and personal or advertising injury claims. Professional mistakes usually require separate professional liability coverage. General liability is often packaged with commercial property in a business owners policy, but professional liability is usually purchased separately.
What does professional liability insurance not cover?
Common exclusions may include intentional or dishonest acts, known claims, employment disputes, cyber incidents, and services performed outside the covered scope. Exclusions vary by policy.
How much professional liability coverage do I need?
Your coverage needs may depend on your profession, contracts, revenue, clients, potential financial exposure, and the cost of defending a claim.
Can I add or adjust professional liability coverage later?
Coverage limits and deductibles can often be adjusted at renewal, or during the policy term with approval from the insurance company. Let us know when your services, revenue, or client contracts change so we can review whether your coverage still fits.
How much does professional liability insurance cost in Colorado?
Pricing can vary based on your profession, services, annual revenue, number of employees, coverage limits, deductible, contracts, and claims history. We compare quotes from multiple insurance companies to help you find the right balance of price and protection.
Ready to protect your business and your expertise? We compare options from multiple insurance companies and explain your coverage in plain language. Request a professional liability insurance quote.