FREQUENTLY ASKED QUESTIONS
What does E&O Stand For?
Errors and Omissions. Professional Liability Insurance is also known as Errors and Omissions Insurance.
Who Needs Errors and Omissions Insurance?
If you provide a service or give advice, and you want to protect your business and your personal assets, you need Errors & Omissions insurance. Errors & Omissions Insurance was required only in traditional professions such as doctors and lawyers in the past. But now it’s vital for anyone who is in the consulting field.
What Does E&O Cover?
If something goes wrong, and a client makes a claim against you for damages, you’ll need insurance to cover the legal costs of defending yourself and the costs of any damages you may have to pay. You’re covered against the financial consequences of either something you did wrong (Error) or something you failed to do (Omission).
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