Errors & Omissions Insurance

New Orleans Errors and Omissions Insurance

Bowles & Associates, Inc has competitive rates for Errors & Omissions Insurance.


Errors and Omissions Insurance (E & O), also known as Professional Liability Insurance (PLI) offers certain protections against claims for damages against a business that are not included in the typical General Liability Insurance policy. Like General Liability Insurance, E & O Insurance applies to a wide variety of businesses, however, while General Liability Insurance covers bodily injury, property damage, personal injury or even advertising injury claims, E & O Insurance focuses on claims against professional firms or organizations that involve negligence, misrepresentation, violation of good faith and inaccurate advice.

Examples of businesses and professionals that commonly purchase Professional Liability or E & O Insurance are any individual, firm or organization that provides services such as giving advice, making recommendations or designing things. This includes professions such as accounting, engineering, financial services, brokerage firms, architecture, consulting services, equipment and software design, real estate and legal services. Some charities and other nonprofit organizations also carry Professional Liability or E & O Insurance.

A classic example of a business that benefits from Professional Liability or E & O Insurance would be accounting services. If an accountant fails to perform his job properly or commits “Errors and Omissions”, it may not cause physical or personal damage so the General Liability Insurance policy would not be triggered, however, it directly causes financial losses for which the accounting firm would likely be sued.

Specific Types of E&O Insurance

There are even specific types of Professional Liability (E & O) Insurance that cover specific professions such as Contractors Liability Insurance for the construction industry and Medical Malpractice Insurance for the medical industry. While Professional Liability (E & O) Insurance is not required by law for all businesses in Louisiana it is sometimes required under contract by other businesses that may use your business’s advice or service.

Professional Liability or E & O Insurance protects individuals, professionals, firms and organizations when customers, clients or patients claim that failure to perform a job properly has injured them. The Professional Liability or E & O Insurance policy will pay judgments involving negligence, misrepresentation, violation of good faith or inaccurate advice for which the insured is legally liable, up to the policy limit. The policy will also pay for legal defense costs, whether or not there has been any wrongdoing.

If you are a business professional or own a business that provides professional services to your clients and customers, contact a Commercial Insurance Professional at Bowles and Associates, Inc. to make sure you and your business are protected from claims of Negligence, Errors and Omissions!


Contact Derek Bowles for a free consultation and evaulation of your business insurance coverage.
Commercial insurance is our specialty!

(504) 362-0922