Error or omission in reporting endorsement

{
  "id": "MLC-T-INS-001344",
  "term": "Error or omission in reporting endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to an insurance policy that provides coverage for unintentional mistakes or oversights made by the insured when reporting information to the insurer. This endorsement protects the policyholder from having a claim denied solely due to an administrative error in the data provided. It is often found in policies where the premium is based on fluctuating values, such as inventory or payroll.",
  "url": "https://mlchart.com/terminology/insurance/error-or-omission-in-reporting-endorsement/"
}