ERRORS AND OMISSIONS
Covers claims of mistakes or negligence in professional services, including failure to deliver promised services or errors in advice provided.
WHY PAY MORE?
GET AFFORDABLE PROFESSIONAL LIABILITY INSURANCE RATES
Errors and Omissions 
Medical Malpractice 
Legal Malpractice
Directors & Officers Liability
Other
HANDPICKED CARRIERS –
LOWER COSTS, HIGHER SATISFACTION
WHY IS CINCO THE BEST CHOICE FOR PROFESSIONAL LIABILITY INSURANCE?
Competitive Rates
Industry Expertise
With or Without a License
With Good Credit, Bad Credit, or No Credit
Online/ Phone/ In-Person Services
Multiple Convenient Locations Near You
WHAT COVERAGES CAN I GET FOR MY PROFESSIONAL LIABILITY INSURANCE?
LEGAL DEFENSE COSTS
Pays for legal fees, attorney costs, and court expenses related to defending against claims of professional negligence or errors.
NEGLIGENCE
Protects against claims of failure to meet professional standards, causing harm or financial loss to clients due to negligence.
CLAIMS MADE
Covers claims made during the policy period, even if the event occurred before the policy was purchased, as long as it’s reported during the policy term.
BREACH OF CONTRACT
Protects against claims of failing to uphold contractual obligations or violating terms of a professional contract with a client.
INTELLECTUAL PROPERTY RIGHTS PROTECTION
Covers legal costs for defending against claims related to infringement of intellectual property rights, such as trademarks, copyrights, and patents.
CYBER LIABILITY
Covers risks and liabilities associated with data breaches, hacking, and cyberattacks that compromise client information or business systems.
DAMAGES FOR FINANCIAL LOSSES
Protects against claims where a professional’s errors or omissions lead to financial loss for a client, such as poor financial advice.
PERSONAL INJURY
Covers claims of harm caused by slander, libel, defamation, or other personal injury while performing professional services.
DISCIPLINARY ACTIONS
Covers legal expenses and fines if a professional is investigated or disciplined by a licensing or regulatory body due to allegations of misconduct.
HOW IT WORKS
EXPLORE
Safeguard your professional practice with our comprehensive insurance plans . Review our wide range of insurance solutions that fit your business needs.
CONNECT
Reach out to our dedicated business liability insurance team for guidance on insurance. We will help you secure the coverage plan of your choice.
COMPARE
Request various quotes from leading insurance carriers at CINCO and compare them to discover the perfect plan that fits your requirements and budget.
WHAT IS PROFESSIONAL LIABILITY INSURANCE?
Professional liability insurance is specialized insurance that helps financially protect you if a client sues your business, claiming errors or omissions in your work. Running a business is daunting; you face new challenges daily. That’s why you need insurance. It helps cover legal costs, potential settlements, and other costs. This coverage protects your brand image and reputation against damaging claims.
Professional liability insurance may cover costs associated with defending against negligence claims as well as legal fees, even if you are not found to be at fault. It is particularly crucial for service-based companies, such as consultants, accountants, and contractors, where expert advice or services may lead to disagreements. Without this coverage, settlements and legal costs could be burdensome.
FACTORS THAT IMPACT PROFESSIONAL LIABILITY INSURANCE RATES
Premiums for professional liability insurance can vary greatly based on a range of factors. The type of services you provide, your experience level, and the potential for claims in your profession are all taken into account by insurance providers before setting your price. For example, a lawyer will have to pay higher premiums than a financial consultant or graphic designer due to the greater risk of malpractice or negligence lawsuits. Here is a list of other factors that influence your premiums:
Type of Profession
Claims History
Coverage Limits
Deductibles
Business Size
Location
Years of Experience
Annual Revenue
Risk Management Practices
Industry Regulations
Number of Employees
Professional Associations or Certifications
Services Provided
Contractual Obligations
Previous Insurance Coverage
WHO IS REQUIRED TO HAVE PROFESSIONAL LIABILITY INSURANCE?
If you own a business that is involved in providing any kind of service or advice to the public, professional liability insurance is a must-have. This is to help ensure that you are always protected against claims of negligence arising from financial losses to clients. Today’s society is highly litigious, meaning every business should take responsibility and prepare itself against potential legal action. Here are some specific types of companies that should purchase this insurance right away:
Medical professionals to protect against malpractice claims.
Lawyers for defense against legal malpractice suits.
Accountants for coverage against errors in financial advice.
Consultants for protection against service-related mistakes.
Architects and engineers to cover design errors or omissions.
Real estate agents to safeguard against claims of negligence.
Insurance agents to protect against mistakes in policy advice.
Financial advisors for coverage against investment-related errors.
Technology professionals for liability from software or IT services.
Contractors for claims arising from project execution mistakes.
WHY IS PROFESSIONAL LIABILITY INSURANCE NECESSARY?
WHAT DISCOUNTS CAN I GET ON PROFESSIONAL LIABILITY INSURANCE?
While professional liability insurance can be expensive, its advantages outweigh the higher costs. Fortunately, a range of insurance providers in Texas offer lower premiums based on certain criteria. For example, businesses that are known to maintain robust risk management practices, with regular employee training or security measures, may be offered lower rates. This is because they have lower risk levels. Here are some discount options you can look for while purchasing an insurance policy:
Risk Management Discount
Claims-Free Discount
Bundle Discount
New Business Discount
Membership Discount (Professional Associations)
Paid-in-Full Discount
Multi-Policy Discount
Experienced Professional Discount
Safety Program Discount
Continuous Coverage Discount
HOW MUCH DOES PROFESSIONAL LIABILITY INSURANCE COST?
According to NerdWallet, business owners typically spend $500 to $1,000 per year per employee on professional liability insurance. However, these are mere estimates, and your actual premiums may differ significantly from these figures. Multiple factors define the rates you pay for your insurance. For example, the industry in which your business operates helps determine the risk levels and the financial impact of an error.
The coverage limits and deductibles you choose also determine your premiums. Higher limits lead to higher insurance premiums, whereas the opposite is true for the deductible amount. When purchasing a policy, obtain quotes from multiple insurers before making a decision. This will help you make an informed decision about insurance.
WHAT ARE THE ESSENTIAL REQUIREMENTS FOR AN ACCURATE PROFESSIONAL LIABILITY INSURANCE QUOTE?
The premium for professional liability insurance is determined by numerous risk factors unique to your industry. Because your circumstances directly impact the actual premium you pay, the rates may be higher or lower than average. Providing accurate and comprehensive information is essential when purchasing an insurance policy to help prevent delays or problems with coverage later. The insurer may ask for the following details to assess your professional risk levels and customize the coverage:
GET A FREE PROFESSIONAL LIABILITY INSURANCE QUOTE
Are you looking for the most affordable professional liability insurance? Look no further! The CINCO team is here to help you get the best quotes for your business needs. With our experience, you can rest assured that you’re getting reasonable insurance rates without compromising quality.
You simply need to submit the form, and one of our business insurance agents will contact you within a few hours after we receive it. Our agents are always friendly and help our customers feel at ease. For further details, contact us on our website or visit your nearest location.
Errors and Omissions
Medical Malpractice
Legal Malpractice
Directors & Officers Liability
Other
AMERICA’S FAST GROWING INSURANCE
With over 7,000+ 5 star Google reviews and counting!
Vanessa Echeverry
I love Karina’s customer service. She is amazing—super friendly and super quick at getting you your insurance and on your way! She makes the entire process easy and is very helpful. Thank you, Karina!
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Walter P
I referred a few people here because of the exceptional job my rep provided. I call her my rep because she’s the only one I’ll go to from now on, and she’s the one I’ll refer my family to. I appreciate Paula for going above and beyond with me and the referrals I provided. All of this is due to the focus she placed on my situation. I will continue referring people to Paula for insurance solutions. Thank you again!
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Joyce Evans
Thank you, Javier, for the professional customer service. I am a senior citizen and don’t always get things right the first time. Thank you for your patience. I’m glad to have CINCO Insurance close to me in Garland on Northwest Highway.
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Doris Edmond
I spoke with Veronica, an agent with CINCO. She was the BEST! I was so stressed because I had been looking for coverage. Veronica took away all my stress. She worked with me tirelessly until she found auto coverage I could afford. I highly recommend her. She's professional, kind, courteous, and—most of all—patient. The definition of good customer service is VERONICA—my agent for life!
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Alva Ayuso
Valeria was very patient and courteous with us, answered all our questions, and helped us with all the paperwork! We will definitely recommend CINCO Auto Insurance to all our friends. Very satisfied!
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Rosalinda Alvarez
THANK YOU SO MUCH, AIME!! She offers outstanding customer service, going above and beyond to ensure a smooth and satisfying experience. Her professionalism, responsiveness, and attention to detail make every interaction pleasant and efficient. I highly recommend Aime 100% for her dedication to excellence and commitment to customer satisfaction! My family and I have found a great insurance company—all thanks to Aime.
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Alexus Monique
I’m currently looking for car insurance, and I’m so glad I decided to try this place out. The insurance agent Paula was very knowledgeable and sweet. She answered all my questions and made sure I didn’t leave with any doubts! I’m highly satisfied with my experience here and will be recommending this place. 😊
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Zouquayla Butler
I recently joined CINCO, and getting started was easy breezy. Javier is a 10/10—highly recommend! Great customer service, like we were old friends catching up while taking care of business. Thanks again, Javier. Awesome!
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Jose Santos
The service is excellent, and they help you with everything. You just have to be available, and they’ll do the work for you. I loved the work my agent Yolanda did. I recommend her—just ask for her!
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Rebecca Esquivel
Javier was awesome to talk to. He explained everything in detail and even repeated himself multiple times. Very, very patient with me—quick and ready to go! I was struggling to get a good quote, but he got me in and out. Thank you, Javier. 10/10 recommend!
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