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errors and omissions insurance (E&O)

Errors and omissions (E&O) insurance protects the insured against liability for committing an error or omission in performance of professional duties.

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Additional Information

Generally, such policies are designed to cover financial losses rather than liability for bodily injury (BI) and property damage (PD).

Related Terms

An errors and omissions clause is a provision, usually in an obligatory reinsurance treaty, stating...