Loss insurance for wrongful acts, also known as errors and omissions insurance (E&O), is a type of insurance that protects businesses and individuals from financial losses resulting from alleged or actual mistakes, errors, or omissions in the performance of their professional duties.
E&O insurance is crucial for professionals who provide advice or services to clients, such as lawyers, accountants, financial advisors, insurance agents, and healthcare providers. It safeguards them against claims of negligence, breach of contract, misrepresentation, and other wrongful acts that may arise from their professional activities.
