Protect Your Reputation With E&O Insurance
Protect your business from costly liability claims with Errors and Omissions (E&O) Insurance. Paychex Insurance Agency helps deliver the trusted coverage and expert support you need.
Mistakes Happen. Are You Protected?
Service-based businesses may face costly lawsuits from unhappy clients, oversight, or miscommunications. Most businesses lack adequate coverage and face devastating losses when claims hit. Don't become another statistic - protect your business before problems occur.
How E&O Insurance Coverage Protects Your Business
Bridge Critical Coverage Gaps
Pair E&O with general liability or Business Owner’s Policy insurance to protect against costly lawsuits tied to your services.
Legal Expense Protection
Get help paying for legal defense, judgments, and settlements resulting from professional mistakes or client disputes.
Growth-Focused Relief
Run your business confidently, knowing unintentional errors are accounted for.
Preserve Professional Trust
Safeguard your credibility when mistakes happen, protecting your business for years to come.
Protect Your Business in 3 Simple Steps
Connect With a Licensed Paychex Insurance Agent
Compare Your Coverage Options From Top Carriers
Enroll and Protect Your Business Today
Bundle E&O for Added Value and Protection
Explore a variety of policies that work hand in hand to protect your workplace.
Business Owner’s Policy (BOP)
Save money and protect your business with an essential bundle of insurance coverages.
General Liability Insurance
No matter your business size, protect yourself from the unexpected.
Workers’ Compensation
Manage costs and reduce injury risks with safety training programs.
Employment Practices Liability (EPL)
Mitigate monetary loss from wrongful employment allegations.
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Errors & Omissions Insurance FAQs
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Is E&O the Same As Professional Liability?
Is E&O the Same As Professional Liability?
Yes, E&O insurance and professional liability insurance are the same thing. These terms are used interchangeably to describe coverage that helps businesses recover from financial losses due to claims of professional negligence, errors, or failure to deliver promised services.
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What Is Errors and Omissions Insurance?
What Is Errors and Omissions Insurance?
E&O Insurance or professional liability insurance helps protect your business by ensuring comprehensive protection extending to owners, employees, and subcontractors alike. As your Agent of Record, the Paychex Insurance Agency connects you with trusted carriers to give you peace of mind and protection.
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What Does E&O Insurance Cover?
What Does E&O Insurance Cover?
E&O insurance covers legal expenses and financial damages from professional liability claims, including legal fees, court costs, and settlements or judgments for allegations of negligence, errors, or failure to deliver services.
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What’s Not Included in E&O?
What’s Not Included in E&O?
E&O insurance does not cover intentional wrongdoing or criminal acts. It also excludes physical injury and property damage claims, which are typically covered by general liability insurance. E&O specifically protects against financial losses from professional mistakes and negligence, not deliberate misconduct.
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Who Needs E&O Insurance?
Who Needs E&O Insurance?
Any business that provides professional services or advice for a fee should consider E&O insurance, including consultants, contractors, designers, IT professionals, marketers, accountants, and real estate agents. Service-based businesses that bill for expertise or deliverables face the highest risk of professional liability claims.
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How Much Does E&O Cost?
How Much Does E&O Cost?
E&O insurance costs vary based on several factors including your industry, revenue, business size, coverage limits, and location. Contact a licensed agent for a personalized quote based on your specific business needs.