A policy that provides coverage for a construction project owner's exposure
to liability for negligent design work on the project. Such forms are written
to apply as excess coverage over multiple underlying policies that insure the
various design professionals working on a given project (or group of projects).
Unlike a project liability policy in which the various design professionals
are the named insureds, the project owner is the named insured under owners
protective errors and omissions (E&O) forms. See also
Project liability policies.
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