errors and omissions insurance

(redirected from Errors and Omissions Liability Insurance)
Also found in: Medical, Encyclopedia.

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 ?
TitlePac(R), the largest single producer of title E&O in the United States, and KEMPES, a Kemper company, Monday announced a new partnership under which TitlePac(R) will underwrite title agents, abstracters and escrow agents errors and omissions liability insurance, on behalf of KEMPES.
The kidnap and ransom coverage expands our product line capability, which currently includes specialty lines such as directors and officers and errors and omissions liability insurance.
today announced the launch of its Strategic Defense Program, which will create a powerful panel of experienced and seasoned real estate defense attorneys charged with improving the litigation climate and addressing the affordability and availability of errors and omissions liability insurance in California.