Designed to protect professionals from innocent negligent acts.
Insurance to pay for damages that occur because of mistakes or omissions made by the agent.
Liability insurance coverage for loss caused by errors, omissions, and negligence committed by persons covered by the policy in the usual activities of a lender. Fraudulent behavior is not included.
E & O insurance is often part of a professional liability insurance policy. It is purchased by those professionals who offer services or who handle money or property for others. This insurance covers damages caused by mistakes (errors) made by the professional or damages caused by something the professional failed to do (omissions).
(Assurance de la responsabilité professionnelle) Professional, semi-professional and serviced type of work may place an obligation on the part of the individual to see that the task is properly performed. Any error or omission in the performance of a particular duty may make the individual responsible in damages. Errors and omissions insurance is designed to protect the individual in such a situation.
(1) A form of insurance that indemnifies the insured for any loss sustained because of an error or oversight on his part. For instance, an insurance agency purchases this type of coverage to protect itself against losses from such things as failing to issue a policy. (2) A form of insurance which covers losses resulting from financial institutions failing to effect insurance coverage.
A form of insurance that indemnities the Agent for any loss sustained because of an error or oversight on his or her part.
Policies generally available to the various professions, for example, lawyers, insurance brokers, accountants, that require protection for negligent acts or failure to do something resulting in injury or damage to a client. For example, an insurance broker is constantly open to the claim that inadequate or improper covers were recommended, resulting in a client suffering a loss.
Insurance coverage purchased by the agent/ broker that provides protection against loss incurred by a client because of some negligent act, error, oversight, or omission by the agent/ broker.
Liability insurance that covers errors and negligence in the usual activities of a mortgage banker, appraiser or attorney.
A form of insurance that covers an insured's liability for any actual or alleged breach or neglect of duty committed in the conduct of the insured's business activities.
Professional Liability coverage that protects the Insured against liability for making a mistake or forgetting something important in the performance of professional responsibilities.
Insurance covering losses caused by errors and omissions of professions other than medicine. Used by banks, real estate companies, escrow companies, etc.
Liability insurance for individuals in professions such as accounting, insurance, law or real estate, where the exposure to lawsuits is primarily to property damage as opposed to bodily injury.
Protects you against liability for committing an error or omission in the performance of professional duties. E&O policies are designed to cover financial losses rather than liability for bodily injury or property damage. For example, E&O coverage would protect an architect who is sued because he made a mistake in his drawings for a new building or an accountant who failed to tell a client to submit quarterly estimated tax payments. E&O policies are written on the Claims-Made and Reported coverage form.
A liability insurance policy that provides protection against loss incurred by a client because of some negligent act, error, oversight, or omission by the insured.
Covers damages resulting from negligence or mistakes that occurred in the course of doing business.
Professional Liability coverage that protects the insured against liability for committing an error or omission in the performance of professional duties.
A type of professional liability insurance which indemnifies insured professionals - who include, but are not limited to, lawyers, insurance agents and brokers, accountants, real estate agents, appraisers, abstracters, title insurance agents, architects and engineers, advertising agents, adjusters, directors and trustees, fiduciaries, travel agents and data processing firms - for losses sustained because of their errors or oversights.
An insurance policy providing businesses with coverage and protection against potential lawsuits from clients or customers.
A Professional Liability policy providing coverage for negligent acts or omissions in the policyholder's professional capacity that harm a client. Examples: insurance agents, attorneys, architects, engineers, and healthcare providers.
An insurance policy against liability due to errors or omissions in the performance of professional services.... read full article
A policy that pays for mistakes made by a builder or architect.
Insurance carried by design professionals covering malpractice, including making mistakes in building area measurement and area calculations. Often referred to as E&O insurance, professional liability or malpractice insurance.
Coverage designed to protect an insured against loss due to a claim of some negligent act, error, or omission by the insured. [MORE
Liability insurance policy that protects against a loss incurred by a policyholder because of some negligent act, error or omission by the insured person or entity. In most cases, the policyholder is a professional person, such as a lawyer or accountant or architect, or is a consultant, such as an engineer or management consultant.
A form of insurance which covers liabilities for errors, mistakes and negligence in the usual listing and selling activities of a real estate office or escrow company.
A type of malpractice insurance coverage for real estate professionals (such as real estate agents, home inspectors, appraisers, etc.). The coverage protects them against financial losses from lawsuits filed as a result of their work in the real estate profession.
Professional protection from liability for mistakes, negligence, etc.
An insurance policy taken out by appraisers to cover their liability for any mistakes made during the appraisal process.
Insurance that protects a sales agent against financial liability for any negligent acts or mistakes.
A type of professional liability for those in occupations such as real estate appraising and accounting, where the professional's acts or omissions are unlikely to result in bodily injury.
A policy that pays for any mistakes a builder or architect makes in a project.
Insurance against losses due to errors or unintentional omissions.
Liability insurance coverage for errors, mistakes, and negligence in the usual activities of a mortgage banker, appraiser or attorney. Fraudulent behavior is not included.
Malpractice insurance that protects architects, home inspectors, and contractors from claims by clients for professional errors or faults resulting from defective judgment, deficient knowledge, or carelessness.
Liability protection against professional malpractice, mistakes in business dealings by insured, etc.
A policy that insures against mistakes made by a builder or architect.
A policy that guarantees coverage for an insured in the event of unintentional mistakes. Errors and Omissions Insurance, commonly referred to as E&O, covers damages arising out of the insured's negligence, mistakes, or failure to take appropriate action in the performance of business or professional duties.
(E&O Insurance) Liability insurance protecting building professionals from claims for damages that may result from alleged professional negligence.