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What You Need to Know About Errors and Omissions Business Insurance

If your business provides professional services to individuals or other companies, errors and omissions insurance protects you from financial loss if a client sues you. What Does Errors and Omissions Insurance Cover? An errors and omissions business insurance policy, often called professional liability or malpractice insurance, protects you as an individual and as a business if a client sues you for failure to provide an agreed-upon service. Even if your company did provide the service, the client might still file a lawsuit if he or she feels dissatisfied with the work.