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Errors and Omissions (E&O)

Errors and omissions coverage protects service providers when a professional mistake or oversight causes a client a financial loss. It is the non-medical equivalent of malpractice insurance.

Professional liability coverage that pays when a service provider's mistake or oversight causes a client a financial loss. Same idea as malpractice for non-medical professions. Example: an architect who specifies the wrong load rating, causing a structural failure, has E&O to defend the lawsuit and pay the settlement, even though there was no bodily injury or property damage in the traditional sense.