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Industries · Professional Services
Professional Services Insurance — consultants, agencies, accountants, tech
Professional services business insurance focuses on the lines that protect advice, deliverables, and data — E&O, Cyber, and EPLI — alongside GL and property.
At a Glance
- Primary line
- E&O / Professional Liability
- Cyber
- Required by most clients
- EPLI
- Required at 10+ employees
- D&O
- Common for funded firms
Quick answer
Ellie Insurance Group is an independent business insurance agency (founded 2014, headquartered in Tampa, Florida) that shops 100+ carrier markets to place professional services insurance — professional liability (errors and omissions), cyber, BOP, EPLI, and management liability — for consultants, agencies, accountants, IT firms, and real estate agents. As an independent broker we compare real quotes side by side instead of locking you into one carrier. Start an Instant Quote and a licensed agent shops your firm for you.
By firm type
Professional services programs by specialty
Each firm type carries distinct E&O exposure. Choose your specialty for detailed coverage, pricing, and quote requirements.
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
Breach response, ransomware, social engineering, regulatory defense.
- 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.
Quote checklist
What we'll need to quote
Quote checklist
What we'll need to quote
- 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.
- Their own work isn't covered by your E&O — they need their own. Your supervisory acts may be covered.
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: Why You Probably Need Both
GL covers slip-and-fall. E&O covers bad advice. Service firms almost always need both — here's how they differ.
Coverage guidance
Cyber Liability for Small Business: What It Covers and What It Costs
The case for cyber: ransomware, wire fraud, business email compromise, and breach response — typically $700–$3,500/year for small operations.
Coverage guidance
Employment Practices Liability (EPLI): Why Every Employer Should Carry It
What EPLI does, how it works alongside workers' comp, and the typical premium for small and mid-size employers.
Reference
Commercial Insurance FAQ: 100+ Questions Every Owner Asks
Twenty-five plain-English answers to the questions every business owner asks before binding coverage.
Carrier access
Access to 100+ A-rated commercial markets
As an independent agency we shop 100+ admitted and surplus-lines carrier markets — so the carrier competes for your business, not the other way around.
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Next step
Ready to shop commercial coverage?
Talk to a commercial agent or run an instant quote online — same-day binding on most commercial submissions during business hours.