Professional Liability Insurance in Denver, Colorado

Why Denver Professionals Need E&O Coverage

Professional liability insurance, also called Errors and Omissions (E&O), protects professionals who provide advice, services, or expertise. If a client claims your work caused them financial harm due to mistakes, negligence, or failure to deliver, this coverage defends you. Consultants, accountants, insurance agents, real estate professionals, and technology service providers in Denver need E&O coverage. General liability doesn't cover professional mistakes, making this specialized protection essential.

What Does Professional Liability Insurance Cover?

Professional liability covers claims alleging errors, mistakes, or negligence in your professional services. It pays for legal defense costs, settlements, and judgments when clients sue over your work. The policy covers failure to deliver promised services, misrepresentation of your capabilities, breach of contract, and copyright infringement related to your professional work. Coverage includes claims made during the policy period for work performed while insured.

Benefits of E&O Insurance for Colorado Professionals

Clients increasingly require proof of E&O coverage before engaging your services, making it essential for winning contracts. Professional mistakes can result in lawsuits even when you've done nothing wrong, and defense costs alone can financially devastate small service businesses. General liability policies exclude professional service errors, leaving you exposed without E&O coverage. Professional liability insurance protects your personal assets from claims related to your professional work.

Professional Liability vs. General Liability Insurance

General liability covers bodily injury and property damage from your business operations. Professional liability covers economic damages from mistakes in your professional services. A customer slipping in your office is a general liability claim, while a client losing money due to your advice is a professional liability claim. Most Denver professionals need both coverages to be fully protected.

Understanding Claims-Made Professional Liability Policies

Most professional liability policies are claims-made, meaning the claim must be made while your policy is active, regardless of when the work was performed. This differs from occurrence policies that cover incidents happening during the policy period. If you change insurers or retire, you may need tail coverage to protect against future claims from past work. Our agents can explain how claims-made policies work and help you maintain continuous coverage.

Get a Professional Liability Insurance Quote in Denver, Colorado

Our professional liability insurance agents serve Denver, Colorado and surrounding areas including Aurora, Golden, Lakewood, Thornton, and Westminster. Contact Seguros Ideal Inc today for a free quote.