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Includes copyrighted material of Insurance Services Office, Inc., with its permission.

Summary: Miscellaneous professional liability is sometimes called Errors and Omissions liability. It protects businesses and individuals against claims made for inadequate work or negligent actions in performing a professional service. Even the most meticulous companies or individuals who perform professional services for other people can make mistakes. Details can be overlooked, facts can be misstated, important tasks can be forgotten, and things can be misplaced. A company whose employee has made a mistake can be sued by clients over allegations of errors, omissions, misrepresentation, failure of timeliness, or failure to keep client information confidential. A multi-million dollar lawsuit could sink almost any company. Because we live in such a lawsuit-obsessed society, whenever someone makes a mistake, missteps, or somehow causes someone else harm the general response is “sue!”

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