Why choose IOA for professional liability (E&O) insurance?
Professionals who provide specialized advice or expertise face unique risks. Whether you’re a consultant, architect, or financial advisor, mistakes, misunderstandings, or allegations of negligence can result in costly lawsuits.
Professional liability insurance, also known as errors and omissions (E&O) insurance, offers essential protection against claims of negligence, misrepresentation, or failure to meet contractual obligations. With IOA, you can secure the coverage needed to safeguard your professional reputation, financial stability, and peace of mind.
IOA’s expertise and industry relationships help professionals find tailored coverage to manage risks and protect their financial future.
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In-depth understanding of professional risks
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IOA advisors are experienced in assessing the specific liability exposures faced by professionals across diverse industries. We analyze your operational risks and help identify coverage options that can address claims of negligence, misrepresentation, or contract breaches, ensuring comprehensive protection.
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Access to top-tier coverage options
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Our relationships with leading national and international insurers allow us to provide a range of solutions that align with your unique needs. From retroactive coverage to limits tailored to your business size, IOA ensures you have access to competitive and appropriate coverage options.
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End-to-end client support
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IOA supports you through every stage of the process, from selecting coverage and navigating underwriting requirements to help with your claims. We’re your advocate when it matters most.
Coverage features
Professional liability insurance typically includes protection for:
Negligence
Covers claims of errors, omissions, or failure to meet professional standards.
Misrepresentation
Addresses claims of providing misleading or incorrect advice.
Omissions
Protects against overlooking critical details that lead to client losses.
Contractual breaches
Covers allegations of failing to fulfill the terms of professional agreements.
Coverage may also include
- Settlements and judgments for covered claims.
- Retroactive coverage for incidents occurring before the policy’s effective date, provided no prior claims were filed.
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Speak to an IOA broker who understands your industry, goals, and challenges.
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