A client blames your advice
Claims of negligence or error bring legal costs, even when you did the work right.
E&O · PROFESSIONAL LIABILITY
Your advice matters.Protect your work.
E&O insurance covers claims that your advice or professional work caused a client financial loss. We compare policies side by side for consultants, agents, bookkeepers, IT contractors and more.
Since 2004insuring Chicagoland
Side by sidepolicies compared
Claims-madeterms explained
Who it is for
One missed deadline can cost.Contracts often require it.
Claims-made gaps
Let a policy lapse or skip tail coverage, and claims about past work can go unprotected.
Limits that miss the contract
Client contracts often set limits per claim and in aggregate. Coming in too low can cost you the job.
Coverages
Fit to your work.
Every policy is fitted to what you own and how you live or work, then reviewed with you each year.
Negligence and error claims
Coverage for claims that your work, advice or a missed deadline caused a financial loss.
Legal defense
Defense attorneys, expert witnesses and court costs, plus settlements or judgments up to limits.
Limits and deductibles
Per-claim and aggregate limits matched to your contracts, revenue and project size.
Defense cost structure
We show whether defense costs sit inside the policy limit or outside it.
Claims-made and tail coverage
Retroactive dates kept intact at renewal, and tail options when you retire or close.
Complementary coverage
General liability, cyber liability or a business owner's policy alongside your E&O.
How it works
From first call to coverage.
- Step 1Gather your detailsServices, revenue, team experience, licenses and client contract requirements.
- Step 2Send your historyYour current declarations page and five years of claims history.
- Step 3We compare policiesWe compare policies side by side and explain limits, retentions and defense terms.
- Step 4Renew on timeWe keep renewals on schedule so your retroactive date stays protected.
The Ozfield difference
We know professional work.Your books are here too.
Most people use one company for taxes, another for books and a third for insurance. With Ozfield, one team sees it all, so nothing gets lost between offices.
Law firmsProfessional liability questions and bookkeeping for law practices.Professional servicesConsultants and agencies get E&O, tax and books from one office.Real estateAgents and property managers covered for the professional services they provide.Commercial insuranceAdd general liability or a business owner's policy for the rest of your risk.
Mr. Orkun and his team are very professional. I highly recommend this place for insurance and tax returns.
FAQs
Good questions.
Something else on your mind? Call 773-536-9272 and our office will walk you through it.
Who needs E&O insurance?
Any business paid for advice, expertise or a professional service. That includes consultants, real estate agents, bookkeepers, accountants, IT contractors, insurance agents, notaries, property managers, marketing agencies and freight brokers.
What does claims-made mean?
Most E&O is written on a claims-made basis. The policy in force when a claim is reported responds, as long as the work happened after the retroactive date.
What is tail coverage?
Tail coverage extends the time to report claims after a policy ends. It matters when you retire or close your business.
Does E&O pay for my legal defense?
E&O generally pays legal defense, expert witnesses and court costs. Some policies include defense within the limit and others pay it outside the limit.
How is E&O different from general liability?
General liability responds to bodily injury and property damage claims. E&O responds to financial loss claims tied to your professional services.
Protect the work you do.
Send us your services and contract requirements, and we will compare E&O policies for you.