What Does Owners Protective Errors and Omissions Insurance Coverage Mean?

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What does Owners Protective Errors and Omissions Insurance Coverage mean? Read on to discover the definition & meaning of the term Owners Protective Errors and Omissions Insurance Coverage - to help you better understand the language used in insurance policies.

Owners Protective Errors and Omissions Insurance Coverage

Owners Protective Errors and Omissions Insurance Coverage

A policy that provides coverage for a construction project owner's exposure to liability for negligent design work on the project. Such forms are written to apply as excess coverage over multiple underlying policies that insure the various design professionals working on a given project (or group of projects). Unlike a project liability policy in which the various design professionals are the named insureds, the project owner is the named insured under owners protective errors and omissions (E&O) forms.

We hope the you have a better understanding of the meaning of Owners Protective Errors and Omissions Insurance Coverage.

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