Errors & Omissions ยท Professionals & Consultants
E&O insurance for professionals, consultants and firms that sell advice.
Professional liability for management, environmental and HR consultants, accountants, therapists, customs brokers and educators. Placed with domestic and international underwriters, including Lloyd’s.
Domestic and international underwritersFor an instant quote
Who we write
One program, two wordings, one submission.
Accountants and bookkeepers sit on an Accountants & Liquidators wording, with fiduciary duty and external appointment cover. Every other class sits on a Miscellaneous Professionals wording.
You send one submission either way. We place it on the right form.
- Accountants and bookkeepers
- Management consultants
- Environmental consultants
- HR consultants
- Therapists
- Customs brokers
- Education
Applications and fact sheet
Download what your client needs to sign
- Miscellaneous Professionals applicationPDF, fillable
- Accountants applicationPDF, fillable
- E&O renewal applicationPDF, fillable
- Professionals & Consultants E&O fact sheetPDF, one page
Competitor applications are fine. Email any of them to submit@approvedcasualty.com.
Coverage
What the two wordings cover
Core professional liability on both forms, plus these additional coverages. n/a means the extension is not scheduled on that wording.
| Extension | Accountants | Other classes |
|---|---|---|
| Breach of fiduciary duty | Included | n/a |
| Consultants, sub-contractors and agents | $250,000 | n/a |
| External appointments (trustee, executor, director) | $100,000 | n/a |
| Dishonesty | $100,000 | $100,000 |
| Intellectual property | $100,000 | $100,000 |
| Libel and slander | $100,000 | $100,000 |
| Loss of documents | $100,000 | $150,000 |
| Regulatory and disciplinary proceedings | $50,000 | $100,000 |
| Lost earnings while attending trial | n/a | $250 / day, $5,000 max |
Sub-limits in CAD. They sit within, not on top of, the policy limit. n/a: not scheduled on that wording.
Built into every policy
- Defence costs paid on top of the limit*
- Duty to defend, even on groundless claims
- Worldwide territory; US exposure up to 20%
- 60 days after expiry to report a claim
- Retro date and prior acts kept on rollover
- Optional CGL to package the account
*US-jurisdiction claims pay defence within the limit.
Regulator complaints are covered
Both wordings pay defence expenses when a professional body or statutory regulator opens a proceeding against the insured: up to $50,000 for accountants and up to $100,000 for other classes.
How placement works
From submission to bound, without the back-and-forth.
1
Start the quote
Enter the risk at quote.approvedcasualty.com, upload last year’s policy, or email the application to submit@approvedcasualty.com. Competitor applications are fine.
2
See the indication
Standard risks price on screen in about 60 seconds. Accounts that need a closer look go to an underwriter, with terms back within 48 hours.
3
Place it with our team
You get the completed application to forward to your client. Our underwriters follow up with you, not around you.
Program at a glance
- Limits
- Up to $5M
- Minimum premium
- $515
- US exposure
- Up to 20%
- Form
- Claims-made, worldwide territory
- Security
- Domestic and international underwriters, including Lloyd's
- Wording
- Accountants & Liquidators E&O wording; Miscellaneous Professionals E&O wording
Outside this appetite?
Financial advisors, wealth managers, mortgage brokers, loss adjusters, OH&S consultants and other financial advisory classes sit outside this program. Our Hard-to-Place Facility writes many of them.
FAQ
Professionals & Consultants E&O questions brokers ask
Which wording will my client be on?
Accountants and bookkeepers go on the Accountants & Liquidators wording. Management, environmental and HR consultants, therapists, customs brokers and education go on the Miscellaneous Professionals wording.
Are regulatory complaints covered?
Yes. Defence expenses for proceedings brought by a professional body or statutory regulator are covered: $50,000 on the Accountants wording and $100,000 on the Miscellaneous wording, with no deductible on the Miscellaneous form.
Are defence costs inside or outside the limit?
Defence costs are paid in addition to the limit, except for claims under US jurisdiction, where defence sits within the limit.
What size of account can you write?
Limits go up to $5M, with US exposure up to 20%. Standard risks quote on screen in about 60 seconds. Larger or unusual accounts go to an underwriter, with terms back within 48 hours.
Can I send a competitor application?
Yes. Use our application, the incumbent's, or start online at quote.approvedcasualty.com.
Got a professional services account to place?
Standard risks quote in about 60 seconds. Our application or the incumbent’s, any way you like to send it.
Other E&O programs
This page summarizes coverage for broker information only. Coverage is subject to the policy wording, terms, conditions, exclusions and underwriting acceptance. Limits and sub-limits in CAD; sub-limits sit within the policy limit.