errors and omissions insurance

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Errors and Omissions Insurance

An insurance policy providing coverage for a professional in the event he/she does not perform his/her duties well and it results in harm to a client. That is, errors and omissions insurance covers negligence. It is offered to attorneys, physicians, architects, etc. It is known by its abbreviation, E&O.

errors and omissions (E&O) insurance

Insurance that protects against malpractice. Especially when working with a buyer's broker, who has a high degree of responsibility to anticipate problems and warn the client, one should ask for proof of E&O insurance before hiring a real estate professional.

References in periodicals archive ?
Many sole practitioners or small firms don't know a lot about professional liability insurance," Sukert said.
Aon Insurance Services AICPA Professional Liability Insurance Program 4870 Street Road Trevose, Pennsylvania 19049 800-221-3023 www.
The webinar is led by an expert on advising doctors on medical professional liability insurance, Alexander T.
This increase in litigation has been accompanied by higher professional liability insurance costs.
A licensed attorney with the New Jersey State Bar, Walls has 15 years of professional liability insurance experience.
Conventus is the only 100% physician owned and 100% physician governed company offering medical professional liability insurance coverage for New Jersey physicians.
ProAssurance Corporation is the nation's fourth largest writer of medical professional liability insurance through our principal subsidiaries The Medical Assurance Company, Inc.
The Physician Insurers Association of America (PIAA), a national trade association that represents doctor-owned and/or operated medical professional liability insurance companies, commented today on a report released last week by Ralph Nader's national group, Public Citizen.
Its offerings include professional liability insurance on both claims-made and occurrence forms across the healthcare spectrum, risk management consulting and education, premium finance solutions and - through affiliates and partners - additional financial products and services for its healthcare providers.
A series of recent studies conducted by former Legislative Analyst William Hamm and a team of economists demonstrated that MICRA is responsible for reducing professional liability insurance rates - even as costs for all other forms of insurance have increased.
The Physician Insurers Association of America (PIAA), a national trade association that represents doctor-owned and/or operated medical professional liability insurance companies, today reported that an analysis of data from a 48 company composite sample of medical malpractice specialty writers shows a return to profitability for only the second time in the last eight years.
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