Professional Liability Insurance (E&O) in Mississippi

If you give advice, provide a service, or make recommendations as part of your work, professional liability insurance protects you when a client claims your work caused them financial harm.

What professional liability covers

Professional liability insurance — also called errors and omissions (E&O) insurance — covers claims that your professional services were negligent, contained errors, or caused a client financial loss. General liability does not cover these claims.

Who needs professional liability?

  • Consultants and management advisors
  • Real estate agents and property managers
  • Accountants and bookkeepers
  • Insurance agents (yes, we carry this too)
  • IT professionals and tech service providers
  • Marketing and advertising agencies
  • Engineers and architects
  • Anyone who provides professional advice for a fee

What it covers

Professional liability covers legal defense costs, settlements, and judgments arising from claims of negligence, errors, omissions, or failure to deliver promised services. Coverage applies even if the claim is groundless — because defense costs alone can be significant.

Claims-made vs. occurrence

Professional liability is typically written on a claims-made basis — meaning the policy in force when the claim is filed responds, not necessarily when the work was done. This is important to understand when switching carriers or letting a policy lapse.

Is professional liability the same as E&O insurance?
Yes — professional liability and errors and omissions (E&O) insurance are the same thing, just different names for the same coverage. Some industries (like medical) call it malpractice insurance.
Does my general liability cover professional mistakes?
No. General liability covers bodily injury and property damage. Professional liability covers financial losses from errors in your professional services. You need both if you're a service professional.
What is a retroactive date?
The retroactive date on a claims-made policy is the earliest date from which covered incidents are eligible. It's important to maintain continuous coverage and keep the same retroactive date when renewing or switching carriers.
How much does E&O cost in Mississippi?
It varies by profession, revenue, and limits. Many solo professionals pay $500–$2,500 per year. Call us for a quick quote specific to your industry.

Protect your professional reputation

One claim can cost more than years of premiums. Let's make sure you're covered.