The-definition.com

Definition

Errors and omissions insurance

Errors and omissions insurance is an insurance policy providing businesses with coverage and protection against potential lawsuits from clients or customers.


Errors and omissions insurance is a liability insurance policy that provides protection against loss incurred by a client because of some negligent act, error, or omission by the insured.

Share it:  Cite

More from this Section

  • Types of HR Audits
    Most HR Audits involve reviewing all or most aspects of the company’s human resource ...
  • Employment cost index
    Employment cost index refers to conducted annually as part of the Department of Labor’s ...
  • Religious accommodation
    Religious accommodation is an accommodation made for an employee, such as time off from ...
  • Envelope
    Envelope is an analogy in which one can easily visualize the corners of an envelope containing ...
  • Home Country Nationals
    Home country nationals are citizens of the country in which the multinational company ...