Yes. Professional liability insurance and errors and omissions insurance, often shortened to E&O, are two names for the same coverage. Different industries simply prefer different terms. Either way, the policy responds when a client claims your professional work or advice caused them a financial loss.
FAQ_category: (HIDDEN) Industry FAQs
General liability insurance covers physical harm: bodily injury, property damage, and advertising injury claims. Professional liability insurance covers financial harm from your work, such as errors, missed deadlines, or advice that costs a client money. Most professional service businesses carry both, because neither policy responds to the other’s claims.
Animal bailee coverage protects your business when a pet in your care, custody, or control is injured, lost, or stolen. It may help pay veterinary bills, legal costs, and related expenses. Most general liability policies exclude animals in your care, so this coverage fills a gap standard policies leave open.
Most pet care businesses start with general liability insurance and animal bailee coverage. Add workers compensation insurance if you have employees, commercial auto insurance if you use vehicles for work, and a business owners policy if you operate from a physical location like a salon or shop.
It can. Spoilage coverage and equipment breakdown coverage are common additions to a business owners policy. Spoilage coverage can help pay for perishable inventory lost to refrigeration failure or power outages. Equipment breakdown coverage can help repair or replace machines that fail mechanically or electrically.