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 Louisiana Real Estate Commission hereby issues this Invitation to Bid to qualified bidders for the establishment of a price contract to provide Errors and Omissions Insurance (Professional Liability) to be made available to all active Louisiana real estate salespersons and brokers in accordance with LA R.
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.