Errors and Omissions (E&O) Insurance
Often referred to as errors and omissions liability insurance, miscellaneous professional liability offers insurance protection for errors and omissions that occur when carrying out professional responsibilities. No matter how careful you are to avoid them, mistakes happen in business.
Having proper errors and omissions coverage can help prevent a simple mistake escalating into financial devastation for the professional who made the mistake. The miscellaneous aspect of this type of coverage allows it to cover professionals in a wide range of industries including contractors, hairdressers, photographers, event planners, tax preparers, and more.
Just as doctors and dentists need insurance to protect them from medical malpractice claims, other professionals need insurance to protect themselves when mistakes or “errors or omissions” occur within the organization.