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Errors and Omissions Liability Insurance in South Carolina.
Errors and Omissions Liability Insurance (often called E&O insurance or professional liability insurance) provides a safety net when there’s a claim from professional services, advice, or deliverables. The policy can assist with legal defense costs, court fees, and other financial losses tied to allegations of professional negligence or inadequate work.
Errors and omissions liability insurance is used by many South Carolina professionals every day, including real estate professionals, engineering firms, marketing consultants, and other service based businesses whose work depends on accuracy, expertise, or professional advice.
Get a free Errors and Omissions Insurance quote from C.T. Lowndes & Company today. Since 1850, we’ve helped businesses of all sizes find coverage that supports their long-term success.
What Is Errors and Omissions Liability Insurance?
E&O insurance, also known as professional liability coverage, helps protect your business when claims arise from business errors, oversights, negligent actions, or unmet expectations.
Unlike general liability insurance, which focuses on physical risks such as bodily injury or property damage, E&O coverage applies to your work itself. If a client believes a mistake or missed detail caused financial losses, they may take legal action. It helps cover the legal expenses and financial impact of those claims.
Your E&O policy can provide support for:
- Fire
- Personal Property / Contents
- Property Damage
- Additional Living Expense /
Loss of Use - Jewelry, Fine Arts & Collectibles
- Medical Expenses
- Personal Liability
- Miscellaneous Coverage
Who Needs Errors and Omissions Insurance?
If your business provides professional services or advice, you would benefit from professional liability protection. Even highly experienced professionals can face misunderstandings or claims related to expectations, promised results, or project outcomes.
Industries that often carry errors and omissions coverage include:
- Insurance agents
- Real estate agents and brokers
- Engineering firms
- Marketing consultants
- Financial advisors
- Architects and designers
- Tech and software companies
- Small business owners offering specialized expertise
Even when you’ve done everything right, a client’s interpretation of your work can lead to unexpected challenges. Errors and omissions coverage helps protect you from the high costs of defending your work and reputation.
What Does E&O Insurance Cover?
A professional liability policy varies depending on your industry and business operations, but many cover:
- Errors, oversights, omissions, or business errors in your work
- Allegations of inadequate work or missed deadlines
- Professional liability claims involving negligence or misrepresentation
- Legal defense and expert witnesses
- Omissions claims tied to dissatisfied clients
E&O coverage does not apply to criminal acts, intentional wrongdoing, bodily injury, or property damage.
How Much Does Errors & Omissions Insurance Cost?
The policy premium can vary based on a few factors, including:
- The type of services you offer
- Business size and team structure
- Any history of liability claims
- Policy limits, deductibles, and the scope of omissions insurance coverage
- Whether retroactive or tail coverage is included
At C.T. Lowndes, we work closely with each business to help match them with the right coverage, whether you’re a solo professional or running a larger team.
Is E&O Required?
Whether an E&O policy is legally required depends on your industry, licensing board, and state laws. Some clients will require this coverage before service begins. Others may not require it formally, but contracts and professional standards often do.
Real estate professionals, insurance agents, and consultants frequently need E&O or professional liability coverage to meet client expectations and reduce exposure to liability claims.
Get an Errors and Omissions Liability Insurance Quote
For more than 175 years, C.T. Lowndes & Company has helped South Carolina businesses find insurance coverage that fits their real-world needs. Our agents understand the risks faced by real estate professionals, engineering firms, consultants, and many others who rely on professional services to support their clients.
If you’re comparing e&o insurance, reviewing an existing policy, or wondering how to start protecting your work, we’re here to help.
Request a free quote today “[link to the quote form below]” and speak with a local agent who can walk you through your options with clarity and confidence.
Common Questions About E&O Insurance
What’s the difference between E&O insurance and general liability insurance?
E&O focuses on claims related to your work, advice, or professional negligence. General liability addresses physical injuries or property damage.
What happens if I don't have coverage and a client sues me?
Without E&O insurance, you would be responsible for legal defense, attorney fees, court costs, and any resulting settlements.
Can I get retroactive coverage?
On occasion, some carriers will allow the policy to be backdated however, if there’s been a loss already, you will not be offered a retroactive policy nor if there’s a gap in your continuous coverage.
Get Started Today
As an independent agency, we are here to help you find the right Errors and Omissions Liability Insurance coverage.
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Errors and Omissions Liability Insurance Quote Request
As an independent agency, we are here to help you find the right coverage.
Get a Quote
It only takes a minute to get started.
- Fill out the form, we’ll be in touch.
- Review options with an agent.
- Get the coverage you need.
