Professional Liability Insurance for Texas Contractors
Protect against claims of errors, omissions, and professional negligence in your contracting work.
Average Cost: $1,000 – $5,000/year for Texas contractors
What is Professional Liability Insurance?
Professional liability insurance (also known as errors and omissions or E&O insurance) protects contractors against claims of negligence, errors, or omissions in their professional services. While general liability covers physical injuries and property damage, professional liability covers financial losses caused by your professional advice, designs, or project management decisions. This is increasingly important for contractors who provide design-build services, project management, or consulting.
Why Texas Contractors Need Professional Liability Insurance
Covers claims of professional negligence or errors in your work
Protects against design defect claims in design-build projects
Covers financial losses caused by your professional advice or recommendations
Required by many commercial clients and government contracts
Covers legal defense costs for professional liability claims
Fills the gap between what GL covers and what professional services expose you to
What Does Professional Liability Insurance Cover?
Professional negligence
covers claims of failure to perform professional duties
Errors and omissions
covers mistakes in design, planning, or project management
Design defects
covers claims arising from faulty designs in design-build projects
Legal defense
covers attorney fees and court costs
Settlements and judgments
pays for settlements or court-ordered damages
Regulatory proceedings
covers costs of defending against regulatory actions