errors and omissions insurance

Also found in: Medical, Legal, Financial.

professional liability insurance

Insurance designed to insure an architect or engineer against claims for damages resulting from alleged professional negligence.
References in periodicals archive ?
Clients who rely on the architects errors and omissions insurance to handle all claims under the kind of fact pattern described here, are operating under a false sense of security.
Provides coverage to life agents, financial planners and other policy sources under their Errors and Omissions Insurance policy;
Philadelphia-based insurance group ACE USA introduced its new ACE Advantage(SM) suite of management liability and errors and omissions insurance products today.
Management expects that ORU, a well-capitalized unit, will write about $10 million of gross premium in directors' and officers' liability and errors and omissions insurance in the coming year, 95% of which will be ceded to Old Republic Insurance Co.
While most of the hazard disclosure companies competing for your business tout millions of dollars of errors and omissions insurance and other unsubstantiated claims, few of them want you to read their fine print where, in many cases, they shift the disclosure liability back onto the shoulders of the seller and agent.