What is it?
Professional liability insurance, sometimes referred to as Errors and Omissions insurance or E&O, protects individuals or businesses in the event that a customer holds your company or business owner responsible for a service that was provided, or failed to be provided, and did not have the expected or intended/promised results. It covers you for errors or omissions that you have made or that the client perceives you have made. For lawyers, accountants, architects or engineers, it may be called professional liability. For doctors, dentists, and chiropractors, it is often called malpractice insurance.