Errors and Omissions Insurance
/ˈɛrərz ænd əˈmɪʃənz ɪnˈʃʊərəns/
Definitions
- (n.) A professional liability insurance protecting individuals and companies against claims of negligence or inadequate work.
The lawyer purchased errors and omissions insurance to cover potential malpractice claims.
Forms
- errors and omissions insurance
Related terms
See also
Commentary
Errors and omissions insurance often operates on a claims-made basis, meaning coverage applies only if the claim is made during the policy period.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.