Errors and Omissions (E&O)
Definition - What does Errors and Omissions (E&O) mean?
In simple terms, errors and omissions refer to a shorthand for a malpractice insurance that actually gives professionals—like physicians, architects, attorneys, accountants, etc.—a coverage against complaints filed by their clients against them for professional negligence or errors and omissions.
Justipedia explains Errors and Omissions (E&O)
Errors and omissions is a type of insurance through which professionals like doctors, insurance agents, brokers, etc. are covered for few business liabilities. This type of insurance is also called E&O. The loss to a client in this case is mostly unintentional and the E&O insurance aims to indemnify that loss.