Coverage for Mistakes that Cost Real Money
When Your Work Includes Advice or Design
Even the best-run companies can face claims that aren’t about physical damage or job-site injuries. Professional liability insurance, often called errors and omissions coverage, protects your business when a client claims your services, designs, or recommendations caused a financial loss.
In Florida construction, this comes up often with design-build work, project management, estimating, and consulting. If a plan change leads to delays, a spec is interpreted differently, or a client believes your guidance caused added cost, professional liability is the policy that responds. GM Insurance Underwriters helps contractors and service-based businesses across Florida line up coverage that fits how they actually operate.
How Professional Liability Differs from General Liability
Two Policies that Cover Different Problems
General liability focuses on bodily injury and property damage to others. Professional liability focuses on financial harm tied to your professional services. Both matter, but they respond to different kinds of claims.
For example, if a passerby is injured near your site, general liability comes into play. If a client says your scope advice led to a budget overrun, professional liability is the protection you need. Many Florida owners and GCs expect both when your contract includes
design responsibility or advisory work.
What Affects Cost and Terms
Pricing Based on Your Real Exposure
Professional liability pricing depends on your revenue, scope of services, prior claims, and contract language. Design-heavy work or projects with strict timelines usually require higher limits. We review your agreements and job types so your policy lines up with what you’ve promised clients.
As an
independent agency, GM Insurance Underwriters can
compare multiple carriers and explain which terms matter most, like retroactive dates, defense costs, and whether coverage is claims-made or occurrence-based.
Answers for Florida Contractors and Service Firms
Is professional liability required in Florida construction?
It’s not required by law, but many contracts require it for design-build, consulting, or advisory roles. Even when not required, it’s a smart protection against costly disputes.
Does it cover subcontractor mistakes?
Coverage depends on how your policy is written and how your contracts define responsibility. We’ll review your subcontractor setup to avoid surprises.
Can a small company get E&O coverage?
Yes. We place professional liability for one-person consultants, growing trades, and larger firms. The policy should match your services, not your headcount.