Professional Liability Insurance or an Errors and Omissions policy provides coverage for liabilities that may arise from the practice of your profession.

Error and omission insurance is used mostly for any businesses. It is also for insurance agents and it covers the company for any mistakes they make.

It means that the professional has obtained security in the form of an insurance policy for the protection of the professional and the client from errors or omission in the services or advice provided.

Errors & Omission Insurance is suggested.

"Errors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators and other business professionals. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services.