Consultants face risks related to professional advice, contracts, and client expectations. Errors or misunderstandings can lead to financial loss or legal claims. Coverage such as professional liability and cyber insurance helps protect against these exposures. Murphy Insurance provides guidance to help consultants manage risk and protect their business.

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What Is Professional Liability Insurance—and Does Your Business Need It?

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General liability insurance won’t protect your business from claims tied to mistakes, missed deadlines, or professional advice gone wrong. That’s where professional liability insurance—also known as Errors & Omissions (E&O) coverage—steps in. It covers negligence, inaccurate advice, project delays, and the legal costs that come with client disputes. From consultants and IT professionals to architects, real estate agents, and accountants, this coverage is essential for anyone providing specialized services.

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