errors and omissions insurance

(redirected from Professional Liability Insurance)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
That's where professional liability insurance comes into play.
Unfortunately, some small firms don't realize they need professional liability insurance until it's too late.
Everything you need to know in 60 minutes about updating your medical professional liability insurance for 2011
Most professional liability insurance is offered in several primary layer amounts depending on firm size.
Alaina Walls brings to Lockton the type of deep experience our current and prospective law firm clients need to help them secure the correct types of professional liability insurance.
As a physician-owned company, our goals are to provide physicians with affordable and reliable professional liability insurance, and to promote the highest quality health care.
Best Company, the medical professional liability insurance industry suffered losses from 1998 to 2003 and only returned to modest profitability in the last two years.
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.
Listwan brings two decades of professional liability insurance experience to the Board as well as experience in a variety of medical leadership roles, including past president of the Wisconsin Medical Society.
through its subsidiary companies, is a leading provider of medical professional liability insurance for physicians, dentists and other healthcare providers and a provider of insurance management services to other medical professional liability insurance carriers.
Medical professional liability insurance products are underwritten by The Medical Protective Company, rated AAA (Extremely Strong) by Standard & Poor's and A+ (Superior) by A.
Full browser ?