Electronic products errors and omissions insurance

{
  "id": "MLC-T-INS-001273",
  "term": "Electronic products errors and omissions insurance",
  "field": "Insurance and risk management",
  "definition": "Professional liability coverage for companies that design, manufacture, or distribute electronic products, protecting against claims arising from defects, malfunctions, or failures of their products. This insurance addresses financial losses incurred by third parties due to errors or omissions in the product's design, software, or performance. It is distinct from general liability, which covers bodily injury or property damage.",
  "url": "https://mlchart.com/terminology/insurance/electronic-products-errors-and-omissions-insurance/"
}