Nationwide vs Simply Business: Professional Liability / E&O Insurance

At Simply Business, consultants, IT professionals, real-estate agents and bookkeepers compare quotes online, with binding needing panel-member approval. Nationwide has professionals contact an agent or request a quote.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-30

What Are the Key Differences Between Nationwide and Simply Business Professional Liability (E&O) Insurance?

Quote Comparison and Binding

Simply Business describes an online flow to answer business questions, compare E&O quotes and select a policy. Its terms clarify that an online quote is not guaranteed and the panel-member insurer must approve binding. Nationwide directs buyers to an agent or quote request without describing an online comparison flow in its overview. A buyer should treat the Simply Business result as a proposal until the issuing insurer confirms binding; Nationwide buyers should ask the agent what written approval completes the purchase. [4] [5] [3]

Costs and Example Businesses

Simply Business lists attorney fees, court costs, settlements and judgments as costs its E&O policies may cover, and gives consultants, IT professionals, real-estate agents and bookkeepers as example buyers. Nationwide describes E&O for professional-service errors or omissions but does not itemize these costs or example occupations in its overview. Buyers should compare the exact covered-cost language and confirm eligibility for their profession in the quote. [4] [3]

What Should You Confirm in Nationwide and Simply Business Professional Liability (E&O) Insurance Quotes?

  • Ask Simply Business which panel insurer issued the quote, whether it approved binding and which defense costs reduce the policy limit. [5]
  • Ask Nationwide’s agent for the covered-services definition, eligible class, defense-cost treatment and required binding confirmation. [3]
  • Confirm how each form treats settlements, judgments, court costs and attorney fees. [4] [3]

Simply Business describes an online process to answer questions, compare professional-liability quotes and select a policy, while its terms say the quote is not guaranteed and panel-member approval is required to bind. Nationwide describes E&O for professional-service claims through an agent or quote request.

Sources reviewed

  1. 01
    Professional Liability – US Direct Errors and Omissions Insurance

    Hiscox Inc. specimen · About this Policy / Coverage for Claims Made Against You; I.A Insuring Agreement; I.B Defense; I.C Settlement; II.A Notice of Claims; II.C Optional Extended Reporting Period; III.A, III.K, III.M, III.R, III.S Exclusions; IV.A–B Limits and Deductible; VI.O Professional Services; VI.U Wrongful Act · accessed 2026-09-16

  2. 02
    Professional liability insurance

    Insurance Information Institute · Opening paragraphs (professional services/advice and E&O name); Claims not covered by general liability; What types of businesses need professional liability insurance?; What’s covered… and what’s not (claims-made versus occurrence, defense and judgments, non-financial/intentional limits, BOP/in-home exclusion) · accessed 2026-09-16

  3. 03
    Errors and Omissions Insurance

    Nationwide · E&O page; professional-services liability and coverage overview. · accessed 2026-09-30

  4. 04
    Professional Liability Insurance Coverage

    Simply Business · Coverage lines 45–100; buyer examples lines 101–158; online quote steps lines 237–260. · accessed 2026-09-29

  5. 05
    Terms of Service

    Simply Business · Dated June 30, 2026; §1 lines 22–28; §8 lines 87–113; §10 lines 143–149; §19 line 211. · accessed 2026-09-29

  6. 06
    FAQ: Professional liability insurance

    Texas Department of Insurance · What’s professional liability coverage?; What types of damages…; What’s general liability insurance?; Do I need professional liability… if I have general liability…?; Is professional liability insurance required?; Can a client require…?; What’s the difference between occurrence policies and claims-made policies · accessed 2026-09-16

  7. 07
    Get business insurance

    U.S. Small Business Administration · Six common types of business insurance table · accessed 2026-09-16

Areas of coverage

Nationwide

  • role: Nationwide describes offering professional errors omissions for the audience stated on the cited product page. professional errors omissions marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • eligibility: Professionals and businesses providing services to others as described by Nationwide; exact eligible classes depend on underwriting. professional errors omissions marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • coverage: The cited product page describes E&O insurance for claims alleging errors or omissions in professional services, as described on Nationwide's product page. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. professional errors omissions marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • application: The page directs prospective customers to contact an agent or request a quote. The page does not establish a quote, bind, or coverage-effective timeline. professional errors omissions marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • limits: The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred.not-disclosedSource ↗

Simply Business

  • coverage: The page describes protection for claims tied to professional work and lists attorney fees, court costs, settlements and judgments as costs that may be covered; policy wording controls. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • eligibility: Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers among the business examples for which it can help find E&O coverage. The examples do not guarantee eligibility. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗
  • application: The company describes an online flow to answer business questions, compare quotes and select a policy. Its Terms say an online quote is not guaranteed and binding requires panel-member approval. Company-published professional-errors-omissions information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.company-reportedSource ↗Source ↗

Ask Kearny Risk to help relate this comparison to your services and contracts.

Contact Kearny Risk