Errors and Omissions insurance is professional liability coverage for claims relating to either providing a professional service or failing to provide a professional service. No matter what profession you’re in, an error or omission – even a simple mistake – which causes financial harm to another, can put you at risk.

This type of policy can help protect you or your company from bearing the full cost of defense and damages for lawsuits that may occur. This is a separate coverage from your standard general liability or property insurance.