Professional Liability Insurance in Colorado

Save on Colorado Professional Liability insurance (E&O) with discounts up to 25%.*

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What can be covered by Errors and Omissions insurance in Colorado?

Business errors

Business errors

A client or customer accuses you of making a professional mistake that costs them money.
Claims of negligence

Claims of negligence

Someone claims your inaction or wrongdoing caused a financial loss or personal harm.
Misrepresentation

Misrepresentation

Someone accuses you of providing inaccurate information with your services.
Legal defense costs

Legal defense costs

You need to hire a lawyer to defend your business after you’re accused of making a professional mistake.

Jump ahead to learn:

Is Colorado Professional Liability insurance coverage required?

Professional liability insurance in Colorado, also called E&O insurance (errors and omissions), may be a necessity for your business for:

  • Professional licenses and permits. Depending on your profession and where you operate in Colorado, you might need professional liability insurance to meet city or industry-specific licensing requirements.
  • Getting more work. To secure work — especially from government agencies or larger organizations — you may be asked to provide a certificate of insurance (COI).
  • Financial protection. If a Colorado client claims your professional advice or services caused them financial harm, an E&O policy could help cover your legal defense, settlements or other covered losses.

In Colorado, some professions are required to maintain errors and omissions insurance, including:

Attorneys in Colorado aren’t required to carry professional liability coverage, but they must annually disclose to the Colorado Supreme Court Attorney Registration Office whether they have the coverage or not.

While professional liability is not required for all businesses, it offers a level of protection that could be beneficial to any business owner.

How much does Colorado Professional Liability insurance cost?

The price you’ll pay for Colorado professional liability insurance/E&O insurance varies depending on many factors, including:

  • The type of work that you do
  • Your work experience
  • The location(s) where you operate
  • How many employees you have
  • How high you set your insurance deductibles, policy limits and coverage limits
  • Your insurance claims history

NEXT makes it fast and affordable to get Colorado professional liability insurance or E&O insurance online in about 10 minutes.

Learn more about the cost of professional liability insurance.

What does Colorado Professional Liability insurance cover?

Errors and omissions insurance in Colorado can help cover some business costs if: 

  • You or one of your employees make a professional mistake that costs a client money.
  • Your business faces legal accusations of professional negligence such as wrongdoing or inaction that causes a client financial harm.
  • You make a mistake, such as a missed deadline for a client, that results in their financial peril.
  • Your business is accused of misrepresentation of services.

Here are some examples of how your insurance company could help with risk management:

  • A Denver financial planner recommends a retirement strategy that doesn’t account for recent changes in state tax laws. The client ends up owing more in taxes than expected and blames the advisor’s oversight. A professional liability insurance policy could help cover the cost of resolving the dispute and defending against the claim.**
  • After buying a home, a client blames their agent for not disclosing known drainage issues that led to basement flooding. Errors and omissions insurance could help cover legal defense and related costs.
  • A commercial client in Colorado Springs alleges that the architect’s inefficient design resulted in higher energy costs. They sue for damages. Professional liability insurance could help cover legal fees and costs associated with defending the claim.

What types of businesses could benefit from Errors and Omissions insurance in Colorado?

A lot of businesses in different fields could use E&O or professional liability insurance — a type of Colorado business insurance.

These professionals typically need liability coverage:

  • Real estate brokers
  • Appraisers
  • Mortgage loan originators
  • Real estate agents
  • Insurance agents
  • Consultants
  • Accountants, tax preparers and financial services
  • Engineers
  • Architects
  • Construction/contractors
  • Most professional services

Are Professional Liability insurance and E&O insurance the same?

Professional liability insurance and errors and omissions insurance, or E&O, refer to the same business insurance coverage. The names can be used interchangeably. But depending on your industry, one term may be favored over the other.

E&O is usually used by:

Professional liability insurance is usually used by:

How NEXT helps protect Colorado business owners

NEXT makes it fast, easy and affordable to protect your Colorado business — and you can do it all online.

  1. We’ll ask a few questions about your business and give you a quote. You select your coverage options and buy your policy in about 10 minutes.
  2. Your certificate of insurance (COI) will be available immediately at no extra cost, and you can access your policy 24/7 via web or mobile app.
  3. If you have questions, our licensed, U.S.-based insurance professionals are ready to help.

Start a free quote with NEXT.

Get Professional Liability/E&O coverage in about 10 minutes, 100% online.

Other important business insurance policies in Colorado

Professional liability or E&O insurance is just one type of Colorado business insurance option. Additional coverage can help protect your business from other types of risks.
Most CO businesses also consider:
General Liability
Colorado General Liability insurance

Colorado general liability coverage can help businesses cover the costs of common risks, like accidental bodily injuries to non-employees or damage to someone else’s property. It’s a key protection for many small businesses that interact with customers or work on client sites.

Workers Compensation
Workers’ Compensation insurance in Colorado

If an employee gets sick or injured on the job, Colorado workers’ compensation insurance can help pay for medical expenses, lost wages and rehabilitation. Most employers in the state are required by law to carry this coverage once they hire their first employee.

Commercial Auto
Commercial Auto insurance

If you or your employees drive for work, commercial auto insurance can help cover costs from an accident, including property damage and medical expenses.

Commercial Property
Commercial Property insurance

Commercial property insurance helps Colorado business owners protect physical assets, such as buildings, equipment, inventory and furnishings. If your property is damaged by a covered event — like fire, theft or severe weather — this coverage could help with repair or replacement.

Business Owner Policy
BOP insurance (Business Owners’ Policy)

A Business Owner’s Policy bundles general liability and commercial property insurance into a single, convenient package. This option is often more affordable for Colorado small business owners who want broad protection without managing multiple policies.

Resources for Colorado business owners

Get customized insurance for your Colorado business

NEXT Insurance reviews

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I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
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Easiest insurance purchase – EVER!
I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
Michael W.
Happy small business owner!
I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
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Let’s find the coverage you need for your business
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
What we cover
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NEXT is part of the ERGO Group, a Munich Re company.

Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.

* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.

** Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim.

Any starting prices or premiums represented before an actual customer quote are not guaranteed and are representations of existing premiums of active policies as of March 21, 2025. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.