If you are a doctor, engineer, realtor, insurance agent, any kind of consultant and sell a professional service, then you must consider Errors and Omissions insurance. This special coverage, also known as professional liability and/or E&O, is not included in Business liability coverage.
Errors and Omissions insurance provides protection for you and your company, if you, your employee or a contractor working for you misrepresents, neglects or gives a wrong advice, which hurts your patient or a client. Professional liability covers legal defense costs, judgments and settlements.
Even if you are running a one-man company, do not risk losing your hard earned money, name and reputation by ignoring a possibility of any professional mistake.