Simply Business homepage
  • Business insurance

    Business insurance covers

  • Support
  • Claims
  • Sign In
Call Us0333 0146 683
Our opening hours

Errors and omissions vs professional indemnity

Start your quote

What is the difference between errors and omissions and professional indemnity insurance?

Errors and omissions insurance and professional indemnity insurance are different names for the same type of insurance. It’s an insurance that protects your business from the cost of compensation claims when a client believes you’ve been negligent or made a mistake in your work.

There’s not really a difference between errors and omissions insurance and professional indemnity insurance - they generally cover similar risks (although exact coverage and exclusions will vary from policy to policy).

The difference is really just in the language: you’re more likely to come across the name ‘errors and omissions insurance’ (E&O) in the USA and ‘professional indemnity insurance’ (PI) in the UK.

However you refer to this insurance, it should cover legal fees and compensation costs if your business is sued by a client for being negligent or making a mistake that causes them financial loss.

This means professional indemnity insurance (or errors and omissions insurance) is a particularly important cover for businesses that offer advice or provide a professional service, from accountants to architects.

You can find out more about this cover on our professional indemnity insurance FAQ page, or go right ahead and use Simply Business to compare quotes.

At Simply Business we insure all kinds of trades like:

Is your profession not listed? When you run a quote you can select your trade from over 1,000 options.

Ready to set up your professional indemnity cover?

With more than 800,000 business insurance policies in our care, professional indemnity insurance is one of our most popular covers.

Start your quote

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter
Errors and omissions vs professional indemnity

Insurance

Public liability insuranceBusiness insuranceLandlord insuranceTradesman insuranceCharity insuranceNot for profit insuranceRestaurant insuranceCommercial van insuranceInsurers

About

About usOur teamAwardsPress releasesPartners & affiliatesOur charitable workModern Slavery ActSocial mediaSite map

Customer support

Contact & supportPolicy renewalMake a claimProof of policyComplaintsAccessibility

Address

6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ

Careers

Careers at Simply BusinessTech careersCurrent opportunities

Benefits

BenefitsRefer a friendFinance

Legal

Terms & conditionsPrivacy policyCookie policyVuln Disclosure policy

Knowledge

Knowledge centreOpinionsMicrosites

© Copyright 2022 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.