Errors and Omissions Insurance

Errors and omissions insurance (E&O insurance) is a type of professional liability coverage that protects individuals and businesses from claims alleging negligence, mistakes, or failing to deliver promised services. If a client believes you've made an error that caused them financial loss, E&O insurance can cover legal defense costs and any settlements or judgments. This insurance is essential for professionals like consultants, real estate agents, and doctors, as it helps safeguard their financial stability and reputation against potential lawsuits related to their professional services.