Errors and omissions claims cover professional mistakes producing economic loss rather than bodily injury, across professions including insurance producers, accountants, consultants, technology providers, and real estate professionals.
Coverage responds under errors and omissions policies.
Alternative Names:
E&O Claim, Professional Negligence Claim
Why it Matters?
These claims are economic rather than injury claims, which brings the economic loss doctrine into play and frequently limits recovery to contract remedies absent an independent duty. The other recurring issue is whether the alleged error involved professional services as defined in the applicable policy, since the definition determines whether the errors and omissions policy or the general liability policy responds, and a gap between them leaves the professional uninsured.
Frequently Confused with
Related terms
Frequently asked questions
Does the economic loss doctrine bar these claims?
Why does the professional services definition matter?
