An errors and omissions insurance claim can protect businesses and individuals from financial losses resulting from mistakes, errors, or omissions in the performance of their professional duties. These claims are typically covered under professional liability insurance policies, which provide coverage for claims alleging negligence, breach of contract, or other wrongful acts.
Errors and omissions insurance is crucial for professionals who provide services to clients, such as lawyers, accountants, financial advisors, and healthcare providers. It offers peace of mind and financial protection in the event of a claim, safeguarding their assets and reputation.