answersLogoWhite

0

Errors and Omissions Insurance (E&O) is a type of protection that many professionals should consider necessary. It is a litigious society, and one simple mistake could ruin a career or a business. Lawyers, paralegals, notary publics, Accountants, tax preparers and business consultants are just a few of the professions that should purchase this type of coverage.

In the event that a mistake is made during the course of your job performance, and the client receives damage from that mistake, an E&O policy will cover the expenses from this occurrence. An E&O policy is very similar to malpractice insurance in the medical field.

User Avatar

Wiki User

14y ago

What else can I help you with?