E and o insurance definition – That is errors and omissions insurance covers negligence. It is known by its abbreviation e o.
Errors and omissions insurance e o is a type of professional liability insurance that protects companies their workers and other professionals against claims of inadequate work or negligent.
E and o insurance definition. It used to be that doctors and lawyers bought professional liability insurance while e o insurance was reserved for semi professional occupations. Errors and omissions insurance. Errors and omissions e o insurance an insurance form that protects the insured against liability for committing an error or omission in performance of professional duties. E and o insurance definition
It is offered to attorneys physicians architects etc. Generally such policies are designed to cover financial losses rather than liability for bodily injury bi and property damage pd. E o insurance generally protects service businesses from errors and or omissions made by a business owner employee or contractor working on behalf of the company. E and o insurance definition
Once upon a time there was a distinction between errors and omissions insurance and professional liability 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. E and o insurance definition