Protect Your Business from Costly Errors and Omissions Claims
At Galloway Insurance, we know that no matter how experienced or careful you are, mistakes can happen.
If a client claims your professional services caused them financial harm, a lawsuit could threaten your reputation, business assets, and future.
That’s why we help businesses across Marble Falls, Burnet, Horseshoe Bay, and throughout Central Texas secure professional liability insurance for peace of mind and protection.
What Does Professional Liability Insurance Cover?
Professional liability insurance (also called Errors and Omissions Insurance or E&O Insurance) typically covers:
- Allegations of Negligence – Protects if a client claims your work failed to meet professional standards.
- Errors and Omissions – Covers mistakes, oversights, or failure to deliver promised services.
- Breach of Contract – Covers claims resulting from missed deadlines or contract breaches.
- Misrepresentation or Inaccurate Advice – Protects if incorrect advice leads to client financial losses.
- Libel, Slander, and Defamation – Some policies extend coverage to reputation-related claims.
Without professional liability insurance, defending against claims can be incredibly expensive — even if you are not at fault.
Who Needs Professional Liability Insurance?
We recommend professional liability insurance for:
- Consultants and advisors (business, marketing, management)
- Accountants and financial planners
- Real estate agents and brokers
- Architects and engineers
- Technology service providers and software developers
- Lawyers and legal consultants
- Healthcare providers and therapists
- Creative professionals (designers, photographers, event planners)
If you offer advice, professional services, or specialized expertise, you could be vulnerable to an E&O lawsuit.
Why Choose Galloway Insurance?
- Access to top-rated professional liability carriers
- Customized policies to fit your specific profession and industry risks
- Local service with fast, personalized claims support
- Affordable protection tailored for small and mid-sized businesses
Our Promise: Insight, Expertise and Relationsip
At Galloway Insurance, we believe in more than just selling policies —we’re here to build lasting partnerships with Texas business owners.
- Insight—We understand your needs.
- Expertise—We understand Insurance.
- Relationship—You will love doing business with us, we care.
- Here to Help—When you call, we answer… When you come by, we’re here.
- Community—We make significant investments in our community because of your choice to do business with us.
Frequently Asked Questions (FAQs)
Is professional liability insurance required by law in Texas?
It depends on the profession. Some industries (like legal, healthcare, or architecture) may require it by state regulations, licensing boards, or client contracts.
How is professional liability different from general liability insurance?
General liability covers physical injuries and property damage, while professional liability covers financial losses resulting from your professional services or advice.
Does professional liability insurance cover independent contractors?
Yes, independent contractors can (and often should) carry their own professional liability coverage.
What is “claims-made” coverage?
Most professional liability policies are “claims-made,” meaning the policy must be active both when the alleged incident occurs and when the claim is made.
How much does professional liability insurance cost?
Premiums depend on your profession, risk factors, number of employees, revenue, and claims history. Galloway Insurance can help you shop for the best value.