Errors & Omissions Insurance Definition

The "Legal-Ease" Glossary
Errors & Omissions Insurance

Liability insurance that protects you in the event of a professional error, oversight, or act of negligence.

Errors and Omissions Insurance covers lawsuits when clients or customers claim your goods or services caused them to suffer a financial loss or other type of damage. In the event of a Professional Liability claim, this insurance helps you pay for legal defense, settlements, and court-ordered judgments.

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