INSURANCE FOR
BUSINESS STRATEGIES FOR
What Professional Liability Insurance Protects
Even highly skilled professionals make mistakes—sometimes those mistakes cost clients money, delay projects, or result in financial loss. Professional Liability (also called Errors & Omissions or E&O) protects your:
✓ Professional advice & services
✓ Business reputation
✓ Financial stability
✓ Legal defense costs
✓ Client relationships
General Liability covers physical damages.
Professional Liability covers the financial impact of bad advice, misrepresentation, oversight, or professional error.
Professional Liability Insurance typically covers:
Negligence
Mistakes, oversights, or errors in professional services that cause financial loss.
Misrepresentation
Claims alleging inaccurate information or misleading guidance.
Incorrect or Incomplete Advice
Protection when a client claims your professional advice harmed their outcomes.
Professional Errors & Omissions
Administrative mistakes, calculation errors, missed deadlines, or documentation issues.
Legal Defense Costs
Attorney fees, court costs, settlements, and judgments up to policy limits.
Note: Coverage typically applies to claims made during the policy term and incidents occurring after the retroactive date. Extended reporting periods may apply after the policy ends.
Why Professional Liability Isn’t Optional
Any business offering advice, consultation, design, or professional services is at risk. Examples include:
Accountants and bookkeepers
Consultants
Real estate professionals
Financial advisors
Insurance agents
Architects & engineers
IT professionals
One error—even unintentional—can lead to:
Client financial losses
Contract disputes
Reputational damage
Six-figure legal defense costs
General Liability does not cover these risks.
Professional Liability fills that gap and protects the value of your expertise.
How We Match You With the Right Policy
Every carrier evaluates risk differently. We guide you through:
Industry classification
Employee exposure
Risk factors
Operations and service areas
Contract requirements
Loss history
Coverage limits and endorsements
Then we shop multiple top-rated carriers to compare pricing and coverage options.
As CEPA-informed advisors, we also ensure your liability structure supports your broader business goals, cash flow, and long-term value.
Why Businesses Trust Wasatch Preferred
Fast Certificates
COIs delivered quickly so you never miss a job or delay operations.
Competitive Carrier Access
We represent top carriers across Utah, giving you more choice and stronger options.
Clear Guidance
We simplify the process so you understand your policy—and your protection.
Strategic Insight
Insurance isn’t just a requirement—it’s a financial safeguard. We help ensure your coverage aligns with your business performance and future goals.
Get a General Liability Quote
Whether you’ve had coverage for years or are getting your first policy, we make the
process simple and fast.
Insurance products are offered through Wasatch Preferred.
Coverage availability and eligibility vary by carrier and state.
CEPA advisory services are provided in a non-fiduciary,
non-investment advisory capacity and do not include legal,
tax, or investment advice.
Insurance services are provided by properly licensed agents.
License information is available upon request and varies by state.
Insurance products are offered through Wasatch Preferred.
Coverage availability and eligibility vary by carrier and state.
CEPA advisory services are provided in a non-fiduciary,
non-investment advisory capacity and do not include legal,
tax, or investment advice.
Insurance services are provided by properly licensed agents.