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 ?
AIP provides errors and omissions insurance, crime insurance, cyber insurance and statutory surety bonds to title professionals.
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.S.
NEA specializes in errors and omissions insurance coverage for business professionals such as insurance agents, investment advisors, real estate agents, tax preparers and bookkeepers.
What it is: Errors and omissions insurance -- also called professional liability insurance -- covers liability arising from the performance of specialized or professional services.
Errors and omissions insurance is the coverage that banks would turn to first in connection with the foreclosure litigation issue.