Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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!”

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors


Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.