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

Simply Business has you compare E&O quotes online and cites consultants, IT professionals and bookkeepers; Relm Insurance runs general and specialized E&O lines, including accountants, for emerging sectors like space, digital assets and biotech.

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 Relm Insurance and Simply Business Professional Liability (E&O) Insurance?

Relm names specialized niches beyond general E&O

Relm groups E&O products for accountants, consultants, financial institutions, lawyers, lenders, media and other fields, and describes Miscellaneous E&O for niches such as robotics consulting and space logistics. Simply Business lists consultants, IT professionals, real-estate agents and bookkeepers as examples for which it can help find E&O, without guaranteeing eligibility. A specialized operation should ask each route which specific product and insurer would address its services. [3] [4]

Emerging-sector focus changes the initial fit question

Relm targets sectors including space, digital assets, artificial intelligence and biotechnology, framing general E&O around specialized products, advice or services. Simply Business gives more familiar small-business professions as examples. A company commercializing novel technology should describe its product and professional advice to Relm, while checking whether Simply Business’s available markets explicitly accept that activity. [3] [4]

The coverage summaries differ by profession

Relm says general E&O covers allegations of negligence, mistakes, faulty recommendations or failure to deliver services; its accountant product separately addresses financial misstatements, miscalculations and late filings. Simply Business describes professional-work claims and lists legal costs that may be covered, with terms controlled by the insurer. Accountants and specialist advisers should compare the exact product form against the service-specific allegations they could face. [3] [4]

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

  • Ask Relm whether it proposes general, consultants, accountants or another specialist E&O form; ask Simply Business which insurer accepts your exact sector and services. [3] [4]
  • Have each insurer identify covered professional services, financial loss scenarios, defense costs, exclusions and any required retroactive date in the quote documents. [3] [4]

Relm describes niche professional-lines products, including consultant and accountant E&O; Simply Business offers an online route for a narrower set of example professions.

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
    Professional Lines and Errors and Omissions Insurance

    Relm Insurance · Errors and Omissions; Accountants Errors and Omissions; Consultants Errors and Omissions; Financial Institutions Professional Indemnity; Miscellaneous Errors and Omissions · accessed 2026-09-23

  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

Relm Insurance

  • role: Relm groups a family of professional liability products under Professional Lines and Errors and Omissions, distinguishing a general E&O line from specialized versions for accountants, consultants, financial institutions, lawyers, lenders, media, trust/fund administrators and other niches. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. This record covers the general 'Errors and Omissions' and 'Consultants' and 'Miscellaneous' entries; Relm's media and lawyers E&O sub-products are addressed in separate offering records where scoped.company-reportedSource ↗
  • eligibility: Relm targets clients in emerging sectors such as space, digital assets, AI and biotech, describing general E&O as protection for the provision of specialized products, advice or services, and Miscellaneous E&O for niche fields like robotics consulting and space logistics that don't fit an established category. Professional Lines page framing; not a guarantee of eligibility for a particular company.company-reportedSource ↗
  • coverage: Relm says its general E&O line covers claims of professional negligence, mistakes or faulty recommendations, and failure to deliver on agreed services, while Consultants E&O specifically defends against allegations of negligence, poor advice or failure to deliver adequate services. Professional Lines page general description; the issued policy and declarations control.company-reportedSource ↗
  • coverage: Relm describes a distinct Accountants Errors and Omissions product covering misconduct accusations, financial misstatements, miscalculations, late filings, and in some cases breach of contract, including legal defense costs, settlements and damages. Professional Lines page 'Accountants Errors and Omissions' section; a related but separate product from Relm's general E&O line.company-reportedSource ↗
  • eligibility: Relm notes that some professionals, including attorneys, are required by federal or state law to carry errors and omissions insurance, and that Financial Institutions Professional Indemnity is mandated by some regulators, including the UK's Financial Conduct Authority. Professional Lines page; general regulatory context, not a jurisdiction-specific legal determination for a particular buyer.company-reportedSource ↗
  • insurer: The reviewed page does not name a specific issuing insurer for E&O placements. Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific.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