Errors and omissions insurance (E&O)

{
  "id": "MLC-T-INS-001346",
  "term": "Errors and omissions insurance (E&O)",
  "field": "Insurance and risk management",
  "definition": "A type of professional liability insurance that protects companies and individuals against claims made by clients for negligent acts, errors, or omissions in the performance of their professional services. This coverage extends to legal defense costs and damages awarded in a lawsuit. It is distinct from general liability insurance, which covers bodily injury and property damage.",
  "abbreviation": "E&O",
  "url": "https://mlchart.com/terminology/insurance/errors-and-omissions-insurance-e-and-o/"
}