insurance

What is errors and omissions insurance?

 

 

What is errors and omissions insurance?

The Bankrate.com financial term of the day is: "Errors and Omissions Insurance."

When you have a business, you can make mistakes because, after all, you're only human. Or you may find out the customer isn't always right. Errors and omissions insurance would protect you in both these scenarios. Architects, contractors and other businesspeople who serve clients buy policies that provide coverage if their customers take them to court claiming there were problems with the work.

Errors and omissions insurance protects business owners from potentially expensive claims when customers are unhappy campers.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

AAA survey: American drivers don’t trust car repair shops

Two-thirds said they distrust car mechanics, citing overcharges, recommendations for unnecessary services and previous bad experiences with repair shops.  ... Read more


Connect with us