Errors & Omissions (E&O) insurance, or Professional Liability, provides liability coverage for actual errors and omissions for professionals who provide a service, give advice or recommendations.
Professional Liability Insurance protects businesses for losses that arise from negligent services that are unique to your professional services.
If your business provides a service to your client for a fee, you have an E&O exposure.
Examples of some professions that require this type of coverage are:
- Insurance Brokers
- Real Estate Agents
- Media and Advertising