Errors and omissions

{
  "id": "MLC-T-LAW-001906",
  "term": "Errors and omissions",
  "field": "Law",
  "definition": "A type of professional liability insurance that protects individuals and companies against claims of negligence, mistakes, or failures to provide expected services. This coverage is particularly relevant for professionals such as lawyers, accountants, architects, and consultants whose advice or work product could lead to financial loss for clients. The policy typically covers legal defense costs and damages awarded up to the policy limits.",
  "url": "https://mlchart.com/terminology/law/errors-and-omissions/"
}