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 ?
Over the course of his 23-year career, his primary insurance focus has been on errors and omissions coverage for lawyers and accountants.
During the course of his 23-year career, his primary insurance focus has been on errors and omissions coverage for lawyers and accountants.
Next pointed to "product ranging errors and omissions" as contributing to the poor showing, a result of the firm failing to provide customers with key items, as well as the shift away from consumer spending on clothing.
The gap between changes in a country's current account and its net-foreign-asset position partly reflects "net errors and omissions" in the BOP calculations.
Mysterious money inflows, the source of which is unknown, are referred to as "net errors and omissions" by the central bank.
Professor Thom Brooks of Durham University said The Practical Guide to Living in the United Kingdom features numerous errors and omissions.
Szura asked General Insurance Company of America for a defense pursuant to an insurance professionals errors and omissions liability insurance policy that General Insurance had issued to Szura.
Also, the net errors and omissions item, which shows exchange flow whose source is undetermined, reached $4.8 billion.CaAlayan stated that as July's current account deficit reached 5.8 billion, the total deficit rose to $42.1 billion in the first seven months of this year, adding that that economy posted $34.1 billion in the same period last year.
6: STANDARDS RELATING TO TAXPAYER ERRORS AND OMISSIONS
Errors and omissions in preparing tax returns can occur easily.
If we confess them to God with sincere and true regret for our errors and omissions, our fellowship with him is restored.