What is Errors & Omissions Insurance?
Errors & Omissions is an insurance policy that protects you against clients who try to claim you are liable for something. For instance, if they slip and fall while traveling (which is in no way your fault) or claim you neglected to tell them or arrange something. It’s rare that you’ll ever need it, but it essential to have just in case.
Errors & omissions insurance provides coverage for people who give advice, make educated recommendations, design solutions or represent the needs of others. “E&O” is also referred to as professional liability or malpractice insurance. This type of liability insurance would cover you and your employees in the event someone claims you incorrectly performed or failed to perform your professional duties.
