E&O Insurance (Errors and Omissions Insurance)

Errors and Omissions Insurance (E&O Insurance) is a type of professional liability insurance that protects individuals and businesses against claims of negligence, mistakes, or failure to deliver services as promised. If a client believes they experienced financial loss due to an error or oversight in professional advice or services, E&O Insurance helps cover legal fees and any settlements. This insurance is especially important for professionals like consultants, doctors, and real estate agents, providing them peace of mind while they focus on their work, knowing they are safeguarded against potential legal disputes.