E&O insurance

E&O insurance, or Errors and Omissions insurance, is coverage that protects professionals against financial losses resulting from mistakes, negligence, or failure to perform duties properly. If a client sues claiming harm due to an error or oversight, this insurance helps cover legal costs and damages. It’s essential for professionals like doctors, lawyers, consultants, or real estate agents to safeguard their reputation and financial stability from potential lawsuits related to their services. Essentially, it provides peace of mind by shielding you from the costs of defending and settling claims arising from your professional actions.