Errors and Omissions (E&O) Liability Insurance​

Summary

This practice note is a discussion of errors and omissions liability insurance policies. Specifically, it addresses the nature of the coverage, how it is categorized, the individuals, businesses, professions, and entities that may require it, and what it insures. Importantly, the practice note also discusses the general scope of coverage, the persons or entities generally covered, and typical exclusions to coverage. In addition, the practice note explores representative examples of situations in which errors and omissions liability insurance may and may not apply. The practice note concludes by examining the impact of the COVID-19 pandemic on E&O liability coverage, including legislative and regulatory developments.