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errors and omissions insurance

   Also found in: Legal, Encyclopedia 0.01 sec.
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.



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They cite things like errors and omissions insurance and other sources of financial losses.
Technology errors and omissions insurance provides protection if your software or programming fails to perform as promised, or if errors in programming or product structure result in major client problems.
[] Did you obtain your errors and omissions insurance providers approval?
 
 
 
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