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Errors and Omissions Insurance
Errors and Omissions Insurance is the name given to the various policies that cover claims arising from alleged negligent acts, errors or omissions of the insured or of any person formerly employed, presently employed, or to be employed by the insured in performance of professional services to others in the insured's professional capacity. All professions— from Accountants to Zookeepers—are at risk of being sued over the services they perform. Even if a lawsuit has no merit, defending against one can be costly.
