Top Answer
User Avatar
Wiki User
2010-03-02 01:27:20
2010-03-02 01:27:20

"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.


Related Questions

Errors and omissions insurance is for professional people such as doctors and lawyers. If you are not a professional then you do not have to purchase E&O insurance.

Companies that offer services to customers need to purchase errors and omissions insurance in case the customer sues the company for errors in business activities.

form_title=Errors and Omissions Insurance form_header=Be prepared against accusations of negligence or claims made about the failure to perform your professional services. Get Errors and Omissions Insurance. Have you ever been subject to a client lawsuit?= () Yes () No Do you currently have quality control procedures in place?= () Yes () No

Errors and omissions insurance protects you from being sued for negligent behavior. You will need to contact a corporate insurance company, the hospital you work for should know more about who you should go with.

One should obtain errors and omissions insurance if their particular line of work is at risk for this type of litigation. It is protection for service providers that offer advice.

Professional Indemnity Insurance Malpractice Insurance Errors and Omissions Insurance

Yes. They require public liability insurance and malpractice insurance.

Any medical offices would need errors and omissions insurance in order to avoid to get sued for malpractice. Medical insurance also have a malpractice insurance to further protect themselves from any additional damages.

Errors and Omissions is a type of insurance for professionals(like doctors or accountant). It protects them from unintentional mistakes they may make in the course of their work which unintentionally results in loss of life or money.

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

Well you should have a general liability policy that covers the business and you should also have an errors and omissions policy that covers you for any errors or omissions that you my be responsible for.

They hold a license to sell insurance. Could be anything from health to life to disability to liability to errors and omissions, and more.

After you are licensed, you will need to get appointed with an insurance company and or wholesaler/general agent. Either of these entities will require you to have a bond and usually errors and omissions insurance.

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.

Having business insurance is vital. i would suggest taht you contact American Famaily insurance.

E&O insurance is a good way to protect agents against lawsuits. However you don't absolutely have to have it.

Professional Liability Insurance (also known as Errors and Omissions Insurance) insures businesses with the defense they need if a dissatisfied client makes a claim against it.

You name it,,Electric bill,,,Rent or building payment,,,Errors and Omissions insurance,,,Work Comp,....Same as any other business...

at, not only can you apply for insurance, but they can also give you an estimate for the rates of coverage. They give you 5 competetive quotes so you can choose the insurance plan that best benefits your needs.

The only state in which attorneys are required to carry errors & omissions insurance (more commonly referred to as professional liability or legal malpractice insurance) is Oregon. Several other states have begun to mandate that attorneys must inform clients about whether or not they carry insurance. A few other states require insurance, but only when an attorney or firm is practicing within some sort of limited liability structure, such as a professional corporation, LLP, or LLC.

They are one and the same thing. The term "Malpractice Insurance" to describe a professional liability insurance policy is most often used in the medical professions and sometimes legal professions.

The best thing to do is first speak with the insurance company you are already currently using. If they can not provide any information do your research carefully for reputable companies.

If the agent works for one insurancecompany, contact that company's corporate office to inquire if he/she has an E&O policy.

You can find cheap quotes by visiting You can also research quotes at

Directors and officers insurance covers the actual or alleged errors, omissions, or neglect of the officer or director of a company or organization. The insurance kicks in and covers liabilities when proceedings are brought whether criminal, civil, or regulatory.

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.