Koosh Insurance · Business & Industry

    Professional Services

    The advice that turned out to be wrong. The deliverable that missed the spec. The contract dispute over what was promised at the kickoff meeting. Professional services firms — legal, financial, consulting, accounting — sell judgment, and their primary exposure is being wrong about it. Standard commercial coverage doesn't address the professional liability that defines the work.

    See what's covered

    Coverage

    What this coverage includes

    • Professional liability (E&O) for the firm and its professionals
    • General liability for premises and non-professional exposures
    • Cyber liability for client data, document management, and digital operations
    • Crime and employee dishonesty for firms handling client funds, escrow, or fiduciary accounts
    • Directors & officers for partnership and corporate structures with outside investors or governance
    • Employment practices liability for staff and partner-related employment claims
    • Commercial property for office space, equipment, and contents
    • Workers' compensation for employees
    • Fiduciary liability for firms sponsoring employee benefit plans

    Who Buys This

    Who typically buys this coverage

    • Law firms — solo practitioners through large multi-office firms
    • Accounting and tax preparation firms
    • Management consultants and strategy advisors
    • Financial advisors and wealth managers (often coordinated with FI-specific coverage)
    • Marketing, advertising, and PR agencies
    • IT consultants and managed service providers
    • HR consultants and outsourced HR providers
    • Architecture and engineering firms (with specialty A&E E&O)
    • Real estate brokers and agencies

    Why Koosh

    Why Koosh Insurance

    Professional services E&O is a specialty market with sharp variation between carriers on coverage breadth and price. The wrong policy form can leave gaps that don't surface for years.

    E&O specialty market access — programs built for legal, financial, consulting, accounting, and other professional disciplines.

    Form comparison at quote — definitions of 'professional services,' exclusions, and defense provisions vary meaningfully between carriers.

    Retroactive date discipline — we protect prior-acts coverage on every renewal.

    Coordination with cyber and crime — professional services firms increasingly need all three lines, and they overlap.

    Partner and individual coverage — firm-level and individual professional protection structured deliberately.

    Specialty practice area structuring — IP, M&A, litigation, regulatory, and other specialty practice areas have specific market preferences.

    FAQ

    Frequently asked questions

    The coverage responds to errors (mistakes) and omissions (failures to do something) in the rendering of professional services. The terms are used interchangeably; the trigger is the same — alleged inadequate professional work that caused a client financial harm.

    E&O is almost always written on a claims-made basis — the policy responds when the claim is reported, not when the alleged error occurred. This means retroactive date management is essential. If you change carriers without protecting your retroactive date, you can lose coverage for prior work.

    Yes. Most professional liability policies cover the firm entity and the individual professionals (partners, associates, employees) for work performed on behalf of the firm. Coverage for moonlighting or outside activities requires separate confirmation.

    Covered, as long as the work was performed within the scope of the firm's services. Supervision and quality-control practices affect underwriting and can affect claim resolution.

    Yes. Most claims-made policies require notice of any 'circumstance that could give rise to a claim' — even if the client hasn't actually filed suit. Late notice can affect coverage. Report it and let the carrier evaluate.

    Yes, often more than firms with partner backstops. Solo practitioners face the same exposure as larger firms and have less ability to absorb a defense or settlement personally. E&O is foundational coverage for any independent professional.

    Related

    Related services

    General Liability

    Third-party bodily injury, property damage, personal injury.

    Business Owners Policy (BOP)

    Bundled GL + Property + BI for small/mid businesses.

    Commercial Auto

    Single business vehicles, light trucks, vans, contractor trucks.

    This page provides general information about Professional Services insurance and is not a substitute for tailored advice from a licensed insurance broker. Coverage availability, terms, exclusions, and pricing depend on your specific business operations, location, claims history, and carrier underwriting. Contact a Koosh Insurance broker for a personalized consultation. Koosh Insurance — License #L135215.

    Get a quote for Professional Services

    Talk to a licensed Koosh broker. We'll review your specific situation, source quotes from appropriate carriers, and walk you through the coverage that actually fits your business.

    (954) 309-3900
    service@koosh-ins.com
    4491 S State Rd 7, Suite 202, Davie, FL 33314