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What is professional liability insurance?

Quick Answer

Professional liability insurance, also called errors and omissions (E&O), covers claims that your professional advice or services caused a client financial harm. Premiums range from $500 to $5,000 annually depending on industry and revenue.

what-is-professional-liability-insurance
Warren Team
Updated December 7, 2025
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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