What is Error and Omission Insurance?
To make mistakes is a natural tendency of all human beings. This fact is proven by people who are still fallible even if they studied for years in renowned universities where they specialized on a particular course to be called experts or professionals. These people are expected to make no mistake during the practice of their professions. Yet, perfection and meeting the standard is not often the thing that happens as professionals have to fight battles in courts. However, there is error and omission insurance that can compensate for the troubles that resulted from the liabilities professionals made. Error insurance refers to the kind of insurance that provides financial aid to a person or company who fails to achieve the promised results during the practice of his profession or at the time of rendering service to clients. This kind of insurance provides for the financial aid needed by a professional or company who made liabilities. Error and omission insurance is simply a big help beca
