←Home/Templates/Insurance/Professional Liability Insurance Checklist: E&O Application

Professional Liability Insurance Checklist: E&O Application

Professional Firm and Specialty Broker Resource

Prepare an errors and omissions (E&O) or professional-liability submission with a checklist for firms and brokers. Collect the current application, revenue by service line, sample client contracts and engagement letters, resumes or license lists, and currently valued professional-liability loss runs or known-circumstance disclosures. Claims-made timing and retroactive dates are critical. Not insurance advice; confirm current applications, exclusions, and retro dates with a licensed professional-liability broker. This is not a substitute for your engagement terms.

Professional Liability Insurance Checklist: E&O Application form template preview

Key Benefits

Complete the current E&O application accurately
Split revenue by service so classes are rated correctly
Attach sample contracts and limitation-of-liability clauses
Disclose claims and circumstances as the form requires
Record the retroactive date you must maintain
Collect licenses and key-person resumes if asked

Common Use Cases

Consultants and agencies placing E&ODesign professionals (with extra project exhibits)Technology E&O / cyber-adjacent submissionsAccountants and bookkeepers renewing professional coverStaffing or recruiting E&O applicationsFirst-time coverage when a client contract requires it

Frequently Asked Questions

What is professional liability / E&O?
It generally addresses certain claims that your professional services were performed negligently or caused a client financial loss, subject to the form. It is not the same as general liability (bodily injury/property damage) or cyber.
Why does the retroactive date matter?
Most E&O is claims-made. The retro date is the earliest act the policy will consider. Changing carriers without matching the retro date can create a gap. Keep declarations that show the date.
What contract terms do underwriters want to see?
Limitation of liability, indemnity, warranty, and IP clauses in your engagement letters. Markets may require those terms or surcharge if you accept unlimited liability.
Is this insurance advice?
No. E&O forms and exclusions are profession-specific. Confirm current applications, retro dates, and contract requirements with a licensed broker. Not legal advice on your engagement letters.

Checklist

Application

Current professional-liability application signed by an officer
Required

Answer warranty and known-circumstance questions carefully.

Exposures

Revenue by service line and client type for the last 12 months
Required

Projected revenue if the form asks.

Contracts

Sample engagement letters or MSAs showing liability caps
Required

Note if some clients refuse your paper.

Client contracts that mandate specific E&O limits or additional insured

AI on E&O is form-specific and often unavailable.

People

License list, key resumes, and subcontractor use

Design and licensed professions often require this.

Claims

E&O loss runs and written known-circumstance disclosures
Required

Counsel review if a circumstance is sensitive.

Expiring

Expiring declarations showing retroactive date and limits
Required

Do not lose the retro date in a rewrite.

Projects

Largest-project descriptions if the form asks

Common for architects, engineers, and consultants.