Insurance for Professional Services

Professional liability insurance helps protect professional service providers if a client claims your work contained a mistake, oversight, missed deadline, inaccurate advice, or failure to deliver agreed-upon services that resulted in a financial loss. E&O insurance can help cover legal defense costs, settlements, judgments, and other related expenses.

Examples include:

• Missed deadline: A client alleges that a project was not completed on a reasonable set schedule, causing them to lose a business opportunity or incur unexpected costs.
• Professional error: A client claims a mistake in your work, recommendations, or deliverables resulted in financial damages and seeks compensation.
• Failure to meet expectations: A client alleges that the services provided did not meet the requirements outlined in your agreement, leading to a dispute over financial losses.

Amount Covered: Up to $1 million per claim/$2 million aggregate

learn more

You can add optional general liability coverage to your professional liability insurance policy for just $169/year. This coverage helps protect your business from third-party claims involving bodily injury, property damage, and personal and advertising injury. General liability insurance can help cover the cost of medical bills, property repairs, and legal expenses.

Examples of claims covered by Berxi general liability insurance for professional service providers:

• Bodily injury: A client visiting your office slips on a wet floor, falls, and suffers an injury, resulting in a claim for medical expenses.
• Property damage: While working at a client’s location, you accidentally damage furniture, equipment, or other property, leading to a repair or replacement claim.
• Personal injury: A third party alleges that comments made in a presentation, report, or public communication harmed their reputation.
• Advertising injury: A competitor claims content used in your marketing materials infringes on their copyright, trademark, or other intellectual property rights.

Amount Covered: $1 million per claim/$2 million aggregate

Yes. Even if you’re a solo professional or work on a contract basis, you can still be held responsible for mistakes, missed deadlines, or other issues a client believes caused them financial harm. Professional liability insurance can help protect you from costly legal expenses and claims that could otherwise come directly out of your pocket.

The amount of coverage you need depends on factors such as the services you provide, your contract requirements, the size of your projects, and your potential financial exposure. Many professionals choose coverage limits that align with client expectations and the risks associated with their work. Berxi can help you find coverage that fits your business and budget. Berxi offers flexible limits, starting at $100,000 per occurrence/$250,000 aggregate and going up to $1 million per occurrence/$2 million aggregate.

With Berxi, you can get a quote online and get covered in minutes. If you purchase a policy, you’ll be able to access your certificate of insurance and other policy documents the same day. You can download the certificate of insurance instantly through your online account, allowing you to provide proof of coverage to clients without unnecessary delays.

If a client threatens to sue or files a claim — or even if you suspect a claim could be filed — you should immediately reach out to your insurance provider and fill out a notice of claim. It’s helpful to reach out immediately because:

• You can tell the claims examiner details about what happened while they’re fresh in your mind.
• You get guidance on how to properly document the incident in case it becomes a lawsuit later on.
• You can provide the most detailed account of your role so the claims examiner can best assess your potential liability.

With Berxi, you can file your claim online through our online portal or reach out via telephone or email.