Errors and Omissions Insurance Dallas, TX

Professional reviewing contract requiring E&O insurance coverage in Dallas

Errors & Omissions (E&O) Insurance protects Dallas businesses when clients claim your professional services caused them financial harm. It covers legal defense costs, settlements, and claims related to mistakes, missed deadlines, or professional negligence.

Why choose Thumann Agency?

  • 80+ insurance carriers - More options for better coverage

  • Same-day Certificates of Insurance - Get COIs fast for contracts

  • Custom limit matching - Align coverage with client requirements

  • Serving Dallas since 1988 - Local expertise you can trust

 

What Dallas Businesses Say About us ⭐⭐⭐⭐⭐ 

Here’s what clients are saying in their 5-Star Google Reviews:

  • “Quick, thorough and professional. Highly recommended.”

  • “They always find great options for me.”

  • “Same-day turnaround for all of my commercial needs. Telling all my friends!”

Get Your Free Quote Today | Call: 972-991-9100

 

E&O Insurance by Industry in Dallas

E&O Insurance for Dallas Real Estate Agents

Real estate transactions involve complex contracts, legal requirements, and significant financial stakes. Even a small error in disclosure, contract timing, or property representation can lead to costly lawsuits.

What Dallas real estate agents need:

  • Coverage for disclosure errors - Missed property defects or HOA issues
  • Contract timing protection - Missed deadlines that cost clients money
  • Representation claims - Misrepresentation of property features or value
  • Dual agency disputes - Conflicts of interest allegations

Typical coverage limits: Most brokerages require $1M-$2M in E&O coverage. We help you match your policy to your brokerage requirements and get same-day COIs when you need them for transactions.

Average cost: $500-$1,200/year depending on sales volume and claims history.

 

E&O Insurance for Financial Advisors & Consultants in Dallas

Financial advisors and consultants face unique professional liability risks. Client portfolios, investment recommendations, and fiduciary duties create significant exposure to negligence claims.

What Dallas financial professionals need:

  • Investment advice protection - Claims from portfolio underperformance or unsuitable recommendations
  • Fiduciary duty coverage - Allegations of breach of fiduciary responsibility
  • Regulatory defense - Legal costs for SEC or FINRA investigations
  • Client communication errors - Misrepresentation or failure to disclose material facts

Typical coverage limits: $1M-$5M depending on AUM (Assets Under Management). Many RIAs and broker-dealers require specific minimum coverage.

Industry note: Some policies exclude securities-related claims - we help you find comprehensive coverage that protects your entire practice.

 

E&O Insurance for IT Consultants & Tech Companies in Dallas

Technology professionals face claims from software failures, data breaches, missed project deadlines, and system integration issues. As Dallas's tech sector grows, so does the need for specialized E&O coverage.

What Dallas IT professionals need:

  • Software failure protection - Claims from bugs, crashes, or system downtime
  • Data loss coverage - Client data corruption or loss during migrations
  • Project delivery issues - Missed deadlines that cause financial harm
  • Integration failures - System compatibility problems costing clients money

Cyber liability note: E&O covers professional negligence - you'll likely also need Cyber Liability Insurance for data breaches and ransomware. We help you bundle both for complete protection.

 

E&O Insurance for Architects & Engineers in Dallas

Design professionals face long-tail liability - claims can emerge years after project completion. Building codes, structural integrity, and design specifications create ongoing exposure.

What Dallas design professionals need:

  • Design error coverage - Structural calculations or specification mistakes
  • Code violation protection - Building code compliance issues
  • Project delay claims - Design changes that delay construction
  • Extended tail coverage - Protection after project completion (statute of limitations can extend for years)

Typical coverage limits: $2M-$5M based on project size and contract requirements. Many general contractors require specific coverage limits in your contract.

 

Frequently Asked Questions about Errors & Omissions Insurance

 

Who Needs E&O Insurance in Dallas, TX?

Any Dallas professional who provides advice, services, or expertise to clients should consider E&O insurance. If a client could claim your work caused them financial harm, you need coverage.

Common professions that need E&O insurance:

  • Real Estate Agents & Brokers - Disclosure errors, missed contract deadlines

  • Financial Advisors & Accountants - Investment advice, tax preparation mistakes

  • Consultants (Business, IT, Marketing) - Project failures, missed deliverables

  • Architects & Engineers - Design errors, code violations

  • Insurance Agents - Coverage gaps, policy errors

  • Tech Companies & Software Developers - Software failures, data loss

  • Marketing Agencies - Campaign failures, missed deadlines

  • Lawyers & Legal Professionals - Malpractice claims

Contract requirement? Many clients and general contractors require proof of E&O coverage before you can start work. We provide same-day Certificates of Insurance when you need them.

 

What Does E&O Insurance Cover?

E&O insurance covers the costs when clients claim your professional services caused them financial harm. This includes:

Legal Defense Costs:

  • Attorney fees and court costs
  • Settlement negotiations
  • Expert witness fees

Common Claims Covered:

  • Professional negligence - Errors or mistakes in your work
  • Missed deadlines - Late deliverables that cost clients money
  • Failure to deliver - Incomplete or inadequate services
  • Misrepresentation - Inaccurate advice or information
  • Copyright infringement - Using protected materials without permission
  • Breach of contract - Failing to meet service agreement terms
Real example: A Dallas marketing consultant misses a campaign launch deadline, causing the client to lose $50,000 in projected revenue. The client sues for negligence. E&O insurance covers your legal defense costs and the settlement.

 

How Much Does E&O Insurance Cost in Dallas?

E&O insurance in Dallas typically costs between $500-$3,000 per year depending on your specific risk factors. The fastest way to get an accurate quote is to compare rates from multiple carriers.

Key factors that affect your premium:

Industry Type: Higher-risk industries (legal, medical, financial) pay more. IT consultants and marketing agencies typically pay less.

Annual Revenue

  • $100K revenue = $500-800/year
  • $500K revenue = $1,200-1,800/year
  • $1M+ revenue = $2,000-3,000/year

Coverage Limits

  • $1M policy = baseline cost
  • $2M policy = +30-40% more
  • $5M policy = +80-100% more

Claims History

  • No claims = standard rates
  • 1 claim in 3 years = +25-50%
  • Multiple claims = may be hard to insure

Years in Business
New businesses (under 2 years) pay 10-20% more due to limited track record.

Deductible

  • $1,000 deductible = higher premium
  • $5,000 deductible = 15-25% lower premium
  • $10,000 deductible = 25-35% lower premium

 

What Isn't Covered by E&O Insurance?

E&O insurance is specifically for professional service errors. It doesn't cover everything. Here's what you'll need separate policies for:

❌ NOT Covered by E&O Insurance:

Need comprehensive coverage? Most Dallas businesses bundle E&O with General Liability in a Business Owner's Policy (BOP) for complete protection at a lower cost.

We help you identify all the coverage gaps and build a complete insurance package tailored to your business.

 

Need other insurance coverage? Explore our complete range of personal and business insurance in Dallas – from auto and home to commercial policies, we've got you covered.

Get a Quote Today!

If you’re ready to protect your business with Errors & Omissions Insurance in Dallas, TX, reach out to the Thumann Agency. We’ll help you find the right coverage, compare quotes, and make sure you have the best policy for your needs. Contact us today for a personalized consultation.

Call 972.991.9100 | Request a Quote