Picture One Lawsuit Never Touching What You’ve Built

See Exactly What You’re Protected For — Before a Claim Ever Lands

Here’s the gap most owners never see coming: general liability covers a slip-and-fall or broken window, but it does nothing when a client claims your advice, service, or work product cost them money. One unhappy client, one honest mistake, and suddenly you’re facing legal bills that can stall everything you’ve worked to build. Professional liability insurance closes that gap — covering errors and omissions, cyber breaches, and employment disputes so the modern threats to your business don’t become threats to your livelihood.

At Mocombe Financial, we’re independent — loyal to you, not one carrier. We talk through your real risks, point out the exposures you can’t see, and put 142+ top-rated carriers to work finding the right protection at the right price. Whether you’re a solo consultant, a growing tech startup, or an established corporation, you’ll walk away knowing precisely where you stand.

Types of Professional Liability Coverage

Errors & Omissions (E&O) Insurance

Errors & Omissions insurance, also called professional liability insurance, protects your business and your name against claims of negligence, mistakes, or failure to perform professional duties. If a client alleges your advice, design, or service caused them financial harm, E&O steps in to cover your legal defense and any resulting settlement or judgment — so a single dispute doesn’t come out of your own pocket.

E&O is essential for any professional who provides advice or services for a fee — including real estate agents, insurance brokers, IT consultants, accountants, architects, engineers, management consultants, and healthcare providers. Many professional licensing boards and client contracts require proof of E&O coverage before you can practice or begin work.

• Claims-made form: Coverage applies when the claim is reported during the active policy period
• Retroactive date: Determines how far back prior work is covered — critical when switching carriers
• Extended reporting period (tail): Protects you after a policy is canceled or non-renewed
• Legal defense costs: Covered even for groundless or frivolous claims

Directors & Officers (D&O) Insurance

Directors and Officers (D&O) liability insurance protects the personal assets of corporate directors and officers when they are sued for alleged wrongful acts in managing the company. Shareholders, competitors, regulators, and even employees can bring claims against board members and executives for decisions made in the course of their duties.

D&O policies provide coverage on three levels: direct coverage for individual directors and officers (Side A), reimbursement to the company when it indemnifies its leaders (Side B), and direct coverage for the entity itself in securities claims (Side C). Even non-profit organizations need D&O coverage — board members serving without compensation can still be held personally liable for governance failures.

• Side A: Direct coverage for directors and officers when the company cannot indemnify them
• Side B: Reimbursement to the company for indemnification paid to directors and officers
• Side C: Entity coverage for securities claims brought against the company itself
• Advancement of defense costs: Insurer pays legal fees as they are incurred, not after resolution

Cyber Liability Insurance

Cyber liability insurance protects your business from the financial fallout of data breaches, ransomware attacks, network outages, and other cyber incidents. With data breaches costing an average of nearly $5 million per incident and ransomware growing more frequent and more sophisticated, picture having a response team and a paid bill the moment something goes wrong — instead of facing it alone. For any business that touches sensitive data, cyber coverage isn’t optional anymore; it’s what keeps the lights on after an attack.

A comprehensive cyber policy typically covers first-party costs (notification, credit monitoring, forensic investigation, ransomware payments, business interruption) and third-party liability (defense and damages from lawsuits alleging failure to protect sensitive data, privacy law violations, or network security failures). Many insurers now include social engineering fraud, funds transfer fraud, and regulatory defense and penalties coverage.

• First-party coverage: Breach response, forensic investigation, notification costs, credit monitoring
• Third-party coverage: Defense and liability for privacy and network security claims
• Ransomware & extortion: Coverage for ransom payments and incident response services
• Business interruption: Lost income during network downtime caused by a covered attack

Employment Practices Liability (EPLI)

Employment Practices Liability Insurance (EPLI) protects your business against claims brought by employees, former employees, or job applicants alleging wrongful employment practices. Even one discrimination or harassment lawsuit can cost tens of thousands of dollars to defend — whether or not the claim has any merit. With EPLI in place, you can manage your team with confidence, knowing a single disgruntled claim won’t put your business at risk.

EPLI coverage typically includes protection against claims of wrongful termination, discrimination (based on age, race, gender, disability, religion, or other protected characteristics), sexual harassment, retaliation, and failure to hire or promote. With employment-related claims increasing every year and the average defense cost running $75,000–$150,000, EPLI is one of the most important coverages a business with employees can carry.

• Wrongful termination: Claims that an employee was fired without legal cause or in violation of public policy
• Discrimination: Allegations of biased treatment based on a protected class
• Harassment: Claims of hostile work environment, sexual or non-sexual harassment
• Retaliation: Claims that an employer took adverse action against an employee for engaging in protected activity

Frequently Asked Questions