{"id":603,"date":"2023-08-17T08:58:49","date_gmt":"2023-08-17T08:58:49","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/business-insurance\/faq\/what-is-the-difference-between-errors-and-omissions-and-professional-indemnity-insurance\/"},"modified":"2026-02-03T12:41:50","modified_gmt":"2026-02-03T12:41:50","slug":"errors-and-omissions-insurance","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/business-insurance\/faq\/errors-and-omissions-insurance\/","title":{"rendered":"Errors and omissions vs professional indemnity"},"content":{"rendered":"\n
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Errors and omissions vs professional indemnity<\/h1>\n\n\n\n
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Start your quote<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n

What is the difference between errors and omissions and professional indemnity insurance?<\/h2>\n\n\n\n

Errors and omissions insurance and professional indemnity insurance are different names for the same type of insurance. It\u2019s an insurance that protects your business from the cost of compensation claims when a client believes you\u2019ve been negligent or made a mistake in your work.<\/p>\n\n\n\n

There\u2019s not really a difference between errors and omissions insurance and professional indemnity insurance<\/a> – they generally cover similar risks (although exact coverage and exclusions will vary from policy to policy).<\/p>\n\n\n\n

The difference is really just in the language: you\u2019re more likely to come across the name \u2018errors and omissions insurance\u2019 (E&O) in the USA and \u2018professional indemnity insurance\u2019 (PI) in the UK.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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

Popular trades we insure<\/h4>\n\n\n\n

At Simply Business we insure all kinds of trades like:<\/p>\n\n\n\n