errors and omissions

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errors and omissions

n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence.

References in periodicals archive ?
The good news, Devine added, is that most Errors and Omissions Insurance policies sold to small technology companies (including freelancers) include third-party cyber liability protection - the kind needed when a firm is named in a lawsuit over a client's data breach.
Allstate case, and others like it, are examples of the kind of legal action that could trigger errors and omissions insurance claims from independent insurance agents in Katrina-affected areas.
An important part of risk management involves purchasing Real Estate Errors and Omissions insurance from a financially strong insurance company to protect you and your business.
This new product replaces Chubb's previous one-size-fits-all errors and omissions insurance.
The additional limits demonstrate our commitment to serving the Errors and Omissions insurance needs of Property and Casualty Agents, Wholesalers, MGA's and Program Administrators," said Lee & Mason Senior Vice President Ray Wahl.
We wanted to make the purchase of Errors and Omissions Insurance less cumbersome and believe we have succeeded with the introduction in 2008 of the Real Estate Express Application.