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Industries · Professional Services
Professional Services Insurance — consultants, agencies, accountants, tech
Insurance for consultants, agencies, accountants and technology firms. Ellie helps you compare competitive quotes for the services you provide, the customer data you handle, your office and your employees—with one agency in your corner.
By firm type
Insurance options for the work you do
Consulting, accounting, technology, and real estate firms face different responsibilities. Explore your specialty to see relevant coverage, pricing factors, and what to prepare for a competitive quote.
Accountants & CPAs
Tax prep, audit, bookkeeping, and tax advice E&O.
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Consultants
Strategy, operations, financial, and interim executive advice.
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IT Firms & Software
Tech E&O, managed services, custom software, and support.
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Real Estate Agents
Brokers, agents, and transaction E&O coverage.
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Coverage
What a professional services program covers
- Professional liability (E&O)
Negligent acts, errors, and omissions in your professional services.
- Cyber liability
Cyber policies can address incident response, privacy/network liability, data recovery, extortion, and business interruption. Check whether funds-transfer fraud or social engineering is included or endorsed, its sublimit, and whether regulatory defense or penalties are available where lawful.
- GL + property (BOP)
Premises, contents, business income.
- EPLI
Wage/hour, harassment, discrimination, wrongful termination.
- D&O / management liability
Funded firms or formal boards.
Common gaps
What it typically won't cover
- Intentional / fraudulent acts
- Bodily injury (covered by GL, not E&O)
- Prior-known claims at policy inception
- Patent infringement (separate IP policy)
Pricing
What drives professional services premium
Revenue
E&O scales with gross revenue.
Service mix
High-risk services (financial advice, software, legal-adjacent) load.
Client concentration
Heavy concentration with one client increases rate.
Loss history
Prior claims significantly affect E&O.
Getting started
Bring your firm to the quote conversation
What helps us compare quotes for your firm
Start with your business and contact details. You do not need every document ready to reach out; your agent will explain which additional information is relevant to your coverage.
- Services description + revenue
- Service mix %
- Client list / top 5 clients
- Contract template
- Headcount + payroll
- 5-year claims history
FAQ
Frequently Asked Questions
- Yes — any advice or deliverable creates E&O exposure. Most enterprise contracts now require $1M – $5M E&O.
- Yes — E&O covers your work, Cyber covers data and systems. They overlap on tech E&O policies.
- At first outside capital, formal board, or once revenue passes ~$5M.
- Check the definition of ‘insured’ and the independent-contractor endorsement. Your policy may cover certain contractor work done for your firm, but the contractor may still need its own coverage for its separate obligations or work outside that definition.
Sources
Authoritative references
- IRMI — Errors and Omissions (E&O) Insurance
- Insurance Information Institute — Small Business Insurance Basics
Coverage descriptions and regulatory figures on this page are general summaries reviewed against the references above and are not a statement of coverage, legal advice, or a guarantee of eligibility or price. Last reviewed . Requirements and policy terms change — always confirm current rules with the relevant agency and verify coverage against the actual policy and a licensed agent.
Related articles
Deeper reading on this coverage
Coverage explainers
General Liability vs. Professional Liability: Key Differences for Service Firms
How general liability and professional liability differ, what each can help cover, and when a service firm may need one or both.
Coverage guidance
Cyber Liability for Small Business: What It Can Cover and What Changes Price
How cyber coverage, business email compromise protection, policy terms, and security controls affect a small-business decision.
Coverage guidance
Employment Practices Liability Insurance (EPLI): What Small Employers Should Compare
What EPLI can help cover and which claims-made terms employers should compare before buying.
Reference
Commercial Insurance FAQ: 9 Essential Questions for Business Owners
Nine buyer questions about insurance requirements, core policy terms, workers’ compensation, audits, property, and umbrella coverage.
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