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

Travelers underwrites E&O written for specific professions and sends buyers to an independent agent; Simply Business suits consultants, IT professionals and bookkeepers who want to compare quotes online.

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

Travelers organizes E&O by profession and offers tailored coverage; Simply Business lists small-business examples and lets buyers compare online quotes.

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 Liability Insurance Coverage

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

  4. 04
    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

  5. 05
    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

  6. 06
    Errors and Omissions Insurance (E&O)

    Travelers · What Is Errors and Omissions Coverage (E&O)?; Who needs errors and omissions insurance?; Select a product; Travelers Casualty and Surety Company of America and its property casualty affiliates footer · accessed 2026-09-23

  7. 07
    Management and Professional Liability Insurance

    Travelers · Errors & omissions (E&O) insurance description; Applications and forms for agents: management and professional liability applications · accessed 2026-09-23

  8. 08
    Get business insurance

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

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

A direct underwriting product versus a marketplace route

Travelers says it underwrites E&O as a standalone policy written for the buyer’s profession and directs buyers to an independent agent. Simply Business lets buyers answer questions online and compare marketplace offers; its terms require panel approval before binding. The route affects who develops the placement and which insurer’s form you review. [7] [4]

Travelers lists more profession-specific programs

Travelers names separate E&O products for accountants, design professionals, lawyers, real-estate professionals, insurance agents and financial institutions, plus miscellaneous professional liability. Simply Business gives consultants, IT professionals, real-estate agents and bookkeepers as examples. A regulated profession should ask Travelers’ agent and Simply Business which exact form fits the work. [6] [3]

Coverage descriptions are tailored at different levels

Travelers describes claims about inadequate work, negligence or failure to meet expected service and says coverage can be customized to a profession’s risk. Simply Business lists defense-related legal costs, settlements and judgments that may be covered, with the policy wording controlling. Compare the proposed definition of professional services and defense-cost treatment. [6] [3]

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

  • Ask Travelers’ agent for the insurer named on your form and whether coverage is claims-made; ask Simply Business to identify its panel insurer and approval status. [6] [4]
  • Compare the specific profession, covered services, defense costs and exclusions in the forms rather than relying on general descriptions. [6] [3]

Areas of coverage

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 ↗

Travelers

  • role: Travelers underwrites errors and omissions insurance as one of several management and professional liability products, sold as a standalone policy written for the buyer's profession rather than bundled with other lines by default. E&O and management-liability product pages, as read on 2026-09-23.company-reportedSource ↗Source ↗
  • insurer: The E&O page's footer names Travelers Casualty and Surety Company of America and its property-casualty affiliates, but Travelers also states the material does not amend any issued policy, so the exact issuing entity for a given E&O product depends on the policy. Footer disclosure on the errors-and-omissions page.company-reportedSource ↗
  • eligibility: Travelers offers separate E&O products by profession, including accountants, design professionals, lawyers, real estate professionals, insurance professionals, life/accident/health insurance agents, managed care organizations, financial institutions and a miscellaneous professional liability option for other client-facing professionals. Product-selection list on the E&O page.company-reportedSource ↗
  • coverage: Travelers describes E&O as covering the costs of client allegations of inadequate work, negligent actions or failure to meet the expected level of service, including legal defense and settlement costs, and says coverage can be customized to the risks of a specific profession. E&O overview and video transcript; exclusions and limits are not detailed on this page and depend on the policy as issued.company-reportedSource ↗
  • limits: The reviewed E&O page does not publish limit or retention amounts for any of its professional-liability products. Errors-and-omissions page as read on 2026-09-23.not-disclosedSource ↗
  • application: Travelers directs buyers to talk to an independent agent to place E&O coverage, and tells agents to use its management-and-professional-liability applications and forms library. E&O page CTA and video transcript.company-reportedSource ↗Source ↗

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