What does E&O mean? Read on to discover the definition & meaning of the term E&O - to help you better understand the language used in insurance policies.
Errors and omissions (E&O) insurance is a form of liability insurance that protects businesses from losses that can ensue as the result of mistakes made or negligence committed on behalf of the company. These losses would come as the result of lawsuits being filed against the company by clients. E&O usually covers court costs in addition to the primary losses.
We hope the you have a better understanding of the meaning of E&O.