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Professional Services Guide
FAQ
Menu
Guide overview
  • 1. Professional Services Basics
  • 2. Client Management and Retention
  • 3. Project Definition
  • 4. Resource Planning
  • 5. The Ultimate Guide to Capacity Planning
  • 6. Project Visibility
  • 7. Billing
  • 8. Project Profitability
  • 9. Project Software for Professional Services
  • 10. Glossary
  • 11. FAQ
    • Accounting
    • Client Management
    • Compliance and Legal
    • Professional Services Jobs
    • PS Industry
    • Resource Planning
    • Scope
    • Tax Deductible
    • Taxable
    • Time Tracking
Guide overview
  • 1. Professional Services Basics
  • 2. Client Management and Retention
  • 3. Project Definition
  • 4. Resource Planning
  • 5. The Ultimate Guide to Capacity Planning
  • 6. Project Visibility
  • 7. Billing
  • 8. Project Profitability
  • 9. Project Software for Professional Services
  • 10. Glossary
  • 11. FAQ
    • Accounting
    • Client Management
    • Compliance and Legal
    • Professional Services Jobs
    • PS Industry
    • Resource Planning
    • Scope
    • Tax Deductible
    • Taxable
    • Time Tracking
← Back to FAQ
Compliance and Legal

Is professional services liability the same as errors and omissions?

As insureon notes, both services liability and errors and omissions “protect businesses from expensive lawsuits caused by unsatisfactory work.” 

#professional services
Recommended FAQ 5 questions
Are donated professional services tax-deductible? How big is the professional services industry? Do professional service corporations have limited liability? Are professional services a commodity? Are salaries direct costs for professional services firms?
Professional Services Guide
  • Project Management for Professional Services Homepage
  • Professional Services Basics
  • What are Professional Services?
  • What Do Professional Service Firms Do?
  • Project Management Challenges
Billing for Professional Services
  • How to Bill for Professional Services Projects
  • Choosing a Billing Model for your Project
  • Billable and Non-Billable Hours
  • Invoicing Clients for Projects
Project Profitability
  • Improving Project Profitability
  • Project Profitability Index
  • Understanding Project Margins
  • Project Time Tracking
  • Understanding Employee Utilization Rates
Defining Professional Services Projects
  • The Importance of Good Project Definition
  • What is a Project Definition?
  • Professional Service Agreements & Contracts
  • Writing a Project Scope Statement
Tools and Software
  • Choosing Project Management Software
  • What is PSA Software Used for?
  • What are the Different Types of ERP?
  • Resource Management Tools
  • Wrike for Professional Services
Resource Planning
  • Resource Planning for Professional Services
  • Capacity Planning
  • Demand Management
  • How to Calculate Load in Resource Planning
Client Management
  • Client Management FAQs
  • How to Respectfully Decline a Client Project
  • What is a Client Project Manager?
  • What Does a Client Project Manager Do?
  • How to Explain Hours to a Client For a Project
Project Visibility
  • Improving Project Visibility
  • What is Visibility in Project Management
  • What is a Project Status Report?
  • Using Project Dashboards
Time Tracking
  • Time Tracking FAQs
  • What is the Best Way to Track Hours for Clients?
  • Why Does Time Tracking Save Money?
  • What are Timesheets?
  • Why Do We Need Timesheets?
Resourcing FAQs
  • Resource Planning
  • What is Enterprise Resource Planning?
  • What is Human Resource Planning?
  • What is resource leveling on a project?
Legal Questions
  • Compliance and Legal FAQs
  • Do Professional Service Corporations Have Limited Liability?
  • Do Professional Service Vendors Need to Produce Certificate of Insurance?
  • Do Professional Services Have an Implied Warranty?
  • Filing as a Professional Service Corporation
Managing Project Scope
  • Project Scope
  • What is Scope Management?
  • What is a Scope Baseline?
  • What is Scope Leap?
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