18th Nov 2009 by JonB
Errors and Omissions insurance (or E&O) is insurance that is generally required of professionals like loan officers, realtors, and lawyers. This insurance protects them from being sued for accidental mistakes made on important paperwork. it does not insure from damages caused by purposeful malicious behavior. E&O insurance is usually required to be licensed by the state the professional is attempting to register in.
Like This Answer?
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com