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 ?
The new ACE Advantage errors and omissions insurance products provide coverage for public officials, school officials, architects and engineers, and digital technology professionals.
Warrantech Corporation (OTCBB:WTEC), a leader and innovator in the field of service contracts and extended warranties, today announced that it has signed a five-year agreement with CRES Insurance Services, LLC, a leading provider of risk management programs and errors and omissions insurance for real estate agents.
Currently, SAFECO offers errors and omissions insurance to attorneys practicing in Arizona, Colorado, Connecticut, Illinois, Indiana, Massachusetts, Nevada, New Mexico, Ohio, Oregon, Rhode Island and Utah.
com Tuesday announced it is partnering with TIG Specialty Insurance Solutions to enable accountants, bookkeepers, and tax preparers to purchase Errors and Omissions insurance online via ePolicy.
Our service, and the eligibility for the billing errors and omissions insurance through The Graham Company, is further evidence of Medaphis' commitment to assist physicians with the day-to-day challenges of the business of healthcare.