Errors and Omissions
Professional liability coverage for negligence, mistakes, or failure to perform professional duties.
E&O is the common name for professional liability for agents, brokers, consultants, and similar roles. It covers defense and indemnity for alleged wrongful acts in professional capacity.
Retroactive dates and prior acts coverage matter for career changes and firm mergers.
Examples
An insurance agent fails to bind requested flood coverage before a storm; the client sues for the uncovered flood loss.
Common Misconceptions
Thinking a corporate veil eliminates need for individual E&O for owners who personally perform professional work.
Related Terms
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Back to Glossary Claims Pages AcademyThis definition is provided for informational and educational purposes. Insurance terminology may vary by jurisdiction, policy, and context. Consult a licensed professional for guidance specific to your situation.
