errors and omissions
“Errors and omissions” refers to a type of liability insurance . Errors and omissions insurance, also termed “E&O insurance,” provides policy-holding professionals with coverage against damage suffered as a result of the professional’s errors and omissions in rendering professional services. Errors and omissions insurance only covers damage resulting from inadvertent errors and omissions (i.e., those resulting from negligence ) on the insured professional’s part; it does not cover intentional wrongs.
Lawyers frequently carry errors and omissions insurance as part of their malpractice coverage.
[Last reviewed in July of 2021 by the Wex Definitions Team ]
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