Professional Liability Insurance vs. Tech Errors & Omissions


Trying to understand all the different types of insurance can be like trying to find your way out of a paper bag. It can be confusing and overwhelming. An insurance agent that knows his or her way around the insurance industry can be worth their weight in gold. They are educated as to what insurance types of insurance covers what. So if you’re trying to figure out if there is a difference between Technology Errors & Omissions insurance and professional liability, ask us. We can answer your questions in a knowledgeable way and lead you in the right direction.

What is Professional Liability Insurance?

Professional Liability policies are called different things by different insurance sectors. Professional liability can encompass several lines of business. For instance, CPAs and attorneys call it Professional Liability, while in the medical field (dentists and doctors) call it malpractice insurance, and it is usually referred to as Errors and Omissions insurance among most other sectors. Although the general premise of these policies is the same, the coverage is tailored to each individual business and can vary greatly. Professional liability insurance covers services and advice including errors in your product or service, and failure to perform a promised service.

Tech Errors & Omissions

Technology Errors & Omissions policies cover costs related to defending against allegations of:

  • Financial loss
  • Failure of the technology to perform as advertised (promised, intended)
  • Intellectual property infringement
  • Intangible property damage
  • Media liability

First and Third Party E&Os

First party E&O policies cover financial losses that you may experience due to:

  • Data loss or damage
  • Recovery expenses
  • Loss or decrease in clients

Third party E&O policies cover losses due to claims against you for:

  • Privacy infringement
  • Libel or slander
  • Failure to deliver services
  • Defamation


With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets. To learn more, or to get a free quotecall our Carrollton, TX office today at 972-492-8500.