errors and omissions insurance

(redirected from Errors and Omission)
Also found in: Medical, Financial.

professional liability insurance

Insurance designed to insure an architect or engineer against claims for damages resulting from alleged professional negligence.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
"A difficult clothing market coincided with self-inflicted product ranging errors and omissions.
Between January and May, net errors and omissions remained the biggest source of financing that helped shrink the current account gap.
Both contain avoidable errors and omissions that should be obvious to anyone, like me, who has experienced migration first-hand.
To a large extent, most of these banks do not purchase what we call corporate reimbursement and entity securities coverage for the directors' and officers' (D&O B&C coverage), nor do they purchase errors and omissions insurance," said Mike O'Connell, managing director of Aon Risk Solution's Financial Institutions practice.
Errors and omissions in preparing tax returns can occur easily.
If we confess them to God with sincere and true regret for our errors and omissions, our fellowship with him is restored.
Claims could involve such potential liabilities as directors and officers or errors and omissions, Hogg said.
Today's litigious environment brings real estate agents face to face with increased risk that they will face claims of errors and omissions (E&O).
"Errors and omissions" at a Birmingham hospital led to the death of a pensioner who fell out of a bed, even though it was fitted with cot sides, it has been claimed.
* Mortgage bankers bond covering fidelity, crime and mortgagee's errors and omissions * Mortgage impairment and mortgagee's errors and omissions * Directors and officers liability with employment practices liability * Professional liability * Floodwatch[TM] NFIP flood compliance * Excess flood coverage * Surety bonds * Property & casualty coverage
You may choose to continue to rely on another party to do your CPT coding and assignment of modifiers, but you are subject to their errors and omissions as well as their availability or lack thereof.