Errors and Omissions Insurance: An Overview
In the intricate dance of the professional world, one misstep can lead to a domino effect of consequences. This is where Errors and Omissions (E&O) insurance steps in, offering a safety net for professionals across various fields. At its core, E&O insurance is a form of professional liability insurance. From financial advisors to wedding planners, the need for E&O insurance transcends industries, safeguarding against the unforeseen pitfalls of professional services. Understanding E&O Insurance At its core, E&O insurance is a form of professional liability insurance designed to protect against claims of inadequate work or negligent actions. Whether it’s a missed deadline or a breach of contract, E&O insurance provides coverage that can help mitigate the financial blow of legal disputes. What Does E&O Insurance Cover? E&O insurance covers a range of potential errors, including oversights, mistakes, and failures to meet industry standar...