What We Cover
If your business provides advice, services, or expertise to clients, a mistake — or even an alleged mistake — can trigger a lawsuit. General liability insurance doesn’t cover professional errors. That’s where Errors & Omissions (E&O) and professional liability insurance comes in: it protects you when a client claims your work caused them financial harm.
Collin County Insurance Group has access to specialty E&O markets covering over 180 professional classes, from IT consultants to architects to financial advisors.
Consider the scenarios: an IT consultant’s migration project corrupts a client’s database. An accountant misses a tax deadline that triggers penalties. An architect’s design flaw leads to costly construction rework. Each of these triggers a claim that general liability won’t touch — but E&O insurance will.
Who Needs Professional Liability
Any business that provides professional services or expert advice should carry E&O coverage. We insure:
- Technology and IT professionals — software developers, MSPs, IT consultants, SaaS companies
- Architects and engineers — design professionals with project liability exposure
- Attorneys — lawyers professional liability up to $5M limits
- Medical and allied health professionals — over 100 malpractice classifications
- Accountants and CPAs — tax preparers, bookkeepers, financial consultants
- Real estate agents and brokers — transaction errors and misrepresentation
- Property managers — tenant disputes and management errors
- Insurance agents and mortgage brokers — industry-specific E&O
- Consultants of all types — management, marketing, HR, operations
- Financial and investment advisors — fiduciary and advisory liability
- Staffing agencies — hiring errors and employee placement issues
What We Cover
Errors & Omissions (E&O) is the core coverage. It pays for legal defense and settlements when a client alleges your professional services caused them financial loss — whether through an error, omission, negligence, or failure to deliver promised results.
Medical Malpractice covers healthcare providers for claims arising from patient treatment. We access over 100 medical professional classes through our carrier partners.
Directors & Officers (D&O) protects company leadership from personal liability for decisions made on behalf of the business. Every company with a board or management team should consider D&O coverage.
Employment Practices Liability (EPLI) covers claims by employees alleging discrimination, wrongful termination, harassment, or other employment-related issues. In today’s litigious environment, this is essential for any business with staff.
Fiduciary Liability protects plan administrators of employee benefit plans against claims of mismanagement.
Media Liability covers claims arising from your published content — defamation, copyright infringement, or invasion of privacy. Marketing agencies, publishers, and content-heavy businesses carry this exposure.
Industries We Serve
Through our partnership with Hiscox, Combined Group, Johnson & Johnson MGA, and Philadelphia Insurance, we can quote E&O for virtually any professional class:
- Technology companies and IT service providers
- Design and engineering firms
- Medical practices and healthcare facilities
- Legal and accounting firms
- Real estate and property management
- Financial services and advisory firms
- Staffing and recruiting agencies
- Marketing and advertising agencies
Why Choose Collin County Insurance Group
Professional liability is a specialty product where carrier selection matters enormously. Coverage forms vary widely — some policies cover claims-made only, others cover prior acts, and defense costs may or may not erode your limits. We know which carriers offer the broadest forms for your specific profession and can often bundle E&O with cyber, D&O, and EPLI for significant savings.
Claims-Made vs. Occurrence: Why It Matters
Most professional liability policies are “claims-made,” meaning they cover claims filed during the policy period — not when the alleged error occurred. If you switch carriers or let coverage lapse, you could lose protection for past work. We help you navigate prior acts dates, extended reporting periods (tail coverage), and carrier transitions so you’re never caught without coverage for work you’ve already completed.
Ready to protect your professional practice? Contact us for a free quote today.