Error and Omissions Insurance (E&O) is an insurance for service sector companies to help cover occurrences where you or your employees make mistakes. It is to protect from claims of misrepresentation or negligence.
Error and Omissions may cover Professional negligence, retroactive claims, subcontractors errors etc.
Some categories or professions that typically fall under E&O risks are:
- Financial Advisors
- Consultants
- Brokers & Agents
- Architects
- Attorneys
- Real Estate Appraisers