Errors and Omissions Insurance Law and Legal Definition
Error and Omission Insurance is a type of insurance which is used to indemnify the loss caused due to a mistake or oversight of an insured party. In this type of insurance, the loss caused need not be because of any intentional wrongdoing by the insured. This type of insurance is commonly known as E&O insurance.
This type of insurance is mainly used to cover business liability of professionals like an insurance agent, a real estate agent, or brokers.
Legal Definition list
Related Legal Terms
- 21st Century Nanotechnology Research and Development Act of 2003
- 3-A Sanitary Standards and Accepted Practice
- 3-Way Incandescent Lamp
- 480th Intelligence, Surveillance and Reconnaissance Wing
- 70th Intelligence, Surveillance and Reconnaissance Wing
- Abandon [Shipping]
- Abandoned Infant
- Abandoned Mark
- Abandoned Mined Lands