What Is Errors & Omissions (E&O)?
Errors & Omissions (E&O), also called Professional Liability, covers claims that your professional advice, design, or service caused a client financial loss. It is essential for consultants, engineers, brokers, and other advice-based businesses.
Where CGL responds to physical injury or property damage, E&O responds to economic loss from your professional work — a missed deadline, a flawed design, or a recommendation that did not perform. Many contracts and professional bodies require it.
Frequently asked questions
Who needs errors and omissions insurance in Ontario?
Any business or professional who gives advice, designs, or delivers a service for a fee. In Ontario that commonly means engineers, accountants, consultants, IT and software firms, real estate professionals, and design-build contractors. Many client contracts and professional bodies require it.
What is the difference between E&O and general liability?
General liability (CGL) covers bodily injury and physical property damage. Errors and omissions covers financial loss caused by your professional advice, work, or a mistake or omission. Most service firms need both, because they protect against different kinds of claims.
How much does E&O insurance cost in Ontario?
It depends on your profession, revenue, the limit you carry, and your claims history, so premiums range widely. As an independent broker we shop multiple markets to match the coverage and price to your actual exposure rather than a one-size quote.
Is errors and omissions insurance the same as professional liability?
Yes. Errors and omissions (E&O) and professional liability are two names for the same coverage. Some professions also call it malpractice insurance.
Questions about Errors & Omissions?
Our Ontario brokers can explain how it applies to your policy.
Talk to a Roughley broker