Professional Liability Insurance Errors and Omissions E&O Insurance

Professional Liability Insurance (Errors and Omissions (E&O) Insurance) Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, is an insurance product designed to protect individuals and businesses from lawsuits resulting from errors or omissions in their professional work. Benefits of E&O Insurance: 1. Protects against lawsuits: E&O insurance can cover the costs of settling lawsuits, including attorney’s fees and compensation to third parties. 2. Provides peace of mind: By having E&O insurance, you can focus more on your work without having to worry about the risk of lawsuits. 3. Increases credibility: Having E&O insurance can show clients that you are committed to providing quality professional services. Types of E&O Insurance: 1. E&O Insurance for Businesses: Protects businesses from lawsuits related to errors or omissions in the provision of professional services. 2. E&O Insurance for Individuals: Protec