Professional Liability Insurance in Greenville, SC

Professional liability insurance covers attorney’s fees, court costs, settlements, and judgments when a client alleges negligence, errors, or omissions in your professional services. This coverage is separate from general liability, which covers bodily injury and property damage. Many professionals in Greenville also carry Directors and Officers (D&O) insurance for management liability. Understanding the indemnity provisions in your E&O policy helps you know exactly what is covered. We compare quotes from carriers that specialize in your profession.

Professional liability insurance is different from general liability. General liability covers bodily injury and property damage. Professional liability covers financial losses caused by your professional work: a missed deadline, an error in a design, incorrect advice, or a failure to deliver the results a client expected.

At The Morgano Agency, we write E&O policies for professionals across Greenville, including accountants, architects, engineers, IT consultants, real estate agents, financial advisors, healthcare providers, and many others. We shop across multiple insurance companies to find coverage that matches your profession, your risk exposure, and your budget.

Most professional liability policies are written on a claims-made basis. The policy generally needs to be active when the claim is made, and the work usually must fall after the policy’s retroactive date. A gap in coverage can leave earlier work outside the new policy.

When a business closes, retires, or changes carriers, an extended reporting period, often called tail coverage, may allow later reporting of claims involving work completed while the old policy was active. Review the retroactive date and reporting terms before replacing or canceling a policy.

South Carolina does not use one blanket professional-liability requirement for every business. Requirements are specific to the profession and the agreement. A licensing board may have its own rule, a hospital or employer may require malpractice coverage, and a client contract may require a stated E&O limit before work begins.

Before requesting a quote, gather the applicable board rule, contract, certificate request, and any required limit or retroactive-date wording. The current South Carolina professions and occupations code and the relevant LLR board are the right starting points for a licensing question.

General liability insurance usually addresses third-party bodily injury, property damage, and certain personal or advertising injury claims. Professional liability addresses allegations that your advice or professional service caused a client financial loss.

A service business can need both policies because the exposures do not replace each other. Actual coverage depends on the policy wording, exclusions, endorsements, and the facts of the claim.

There is no dependable one-price answer for E&O coverage. Profession, services, annual revenue, claims history, requested limit, deductible, retroactive date, contract requirements, and selected carrier all affect the premium.

For a useful comparison, send the same services, limits, deductible, retroactive date, and contract wording to each carrier. The Morgano Agency can compare current quotes without presenting a generic estimate as your actual price.