What is Errors & Omissions (E&O)?
Insurance glossary entry on BeCovered.ai for the term "Errors & Omissions (E&O)": Professional liability insurance covering negligent acts, errors, or omissions in services you provide. Scope: plain-language meaning for coverage discussions; confirm definitions on your policy forms.
Professional liability insurance covering negligent acts, errors, or omissions in services you provide.
Understanding Errors & Omissions (E&O)
E&O is claims-made in many programs—retroactive date and tail coverage are critical when changing carriers. Technology E&O merges cyber nuances in some forms.
Examples
- Consultant's flawed analysis causes client financial loss—E&O responds.
- Real estate agent misses easement disclosure—E&O claim.
Common Questions About Errors & Omissions (E&O)
E&O vs cyber insurance?
Overlap exists—some cyber claims are professional services failures; coordinate limits and exclusions.
Prior acts coverage?
Retroactive date on declarations determines how far back coverage extends on claims-made forms.
Related Insurance Types
Related Terms
Liability
Legal responsibility for causing harm or damage to another person or their property.
Claim
A formal request to your insurance company for payment or coverage for a loss or policy event.
Exclusion
Specific situations, conditions, or types of damage that your insurance policy does not cover.
Endorsement
An add-on or modification to your insurance policy that changes or expands your coverage.