errors and omissions (e&o) insurance

What is Errors and Omissions Insurance?

Errors and Omissions (E&O) Insurance, also known as professional liability insurance, is a type of coverage designed to protect businesses and their employees from claims of inadequate work or negligent actions. This form of insurance is particularly crucial for entrepreneurs who provide professional services or advice, as it shields them from the financial ramifications of lawsuits that could arise due to perceived mistakes or oversights.

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