Insurance term
Professional Liability (E&O)
Coverage for financial harm caused by mistakes, negligence or bad advice in your professional services. Also known as Errors & Omissions (E&O), it protects consultants, agents, accountants and other professionals. It covers your legal defense and settlements even when the claim is groundless.
Example
A consultant sued over a costly recommendation would rely on E&O coverage.
Related coverage
General Liability Insurance
Shield your business from third-party claims and lawsuits.
Related terms
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