Errors and Omissions

Errors and Omissions Insurance is basically a type of Professional Liability Insurance. This insurance protection pays for liability claims resulting from damages due to failure to perform some duty for which the insured was trained or even just represented some specific expertise. Architects and insurance agents need Errors and Omissions Insurance as do information technology companies. The kind of Errors and Omissions protection needed varies greatly from business to business so insurance policies are often designed for specific business pursuits.

 

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