E&O Insurance Coverage

Errors and Omissions Insurance coverage is a form of business liability insurance coverage for professionals such as accountants and lawyers. Also known as E&O insurance, or professional liability insurance, it covers professionals in the event they make a mistake that results in financial harm to a third party.

Errors and Omissions coverage protects professionals from lawsuits that arise from mistakes they make in the normal course of offering services to clients. The possibility of making a mistake, error or omission is ever present when a professional is offering specific services for which they are the being paid; therefore, E&O Liability Insurance is required.

While a firm might have a general liability insurance policy in place, most probably it specifically excludes coverage for errors and omissions. Therefore, any firm or professional who is in the business of offering professional advice or a service where a mistake on their part can lead to financial damages to their client, requires an Errors and Omissions Liability Insurance.

Contact us for further information and details concerning E&O Liability Insurance scope and terms as specified in the policy wording.