(208) 666-1065  ph
(208) 667-4930 fax

302 E. Linden Ave. | Ste. 101
Coeur d'Alene, Idaho 83814
home taxes business education estates and trusts retirement social security links   contact
What is errors and omissions insurance?

Think of it as malpractice insurance. Errors and omissions (E & O) insurance protects certain professionals from liability claims or lawsuits arising from their carelessness (errors) or failure to take proper action (omissions). It's an important part of a comprehensive professional liability insurance package.

For example, assume you're an attorney who represents a client in a civil case. You missed the deadline for objecting to an important motion, causing your client to lose his case. If your client suffers financial loss and sues you, your E & O insurance may provide the financial protection you'll need.

Most E & O policies are tailored to meet the needs of a particular professional group, such as accountants, architects, insurance agents, lawyers, stockbrokers, travel agents, and others. You may be able to purchase an E & O policy through a professional or trade organization, often at a discount. Also, there are probably insurers in your state that sell E & O policies along with other forms of professional and commercial liability insurance.

sign up for our newsletter

Check our latest published newsletters or read through our archive. If you are interested in accounting updates in your industry, we'd like to have you on our mailing list.

home | taxes | business | education | estates & trusts | retirement | social security | links | contact

(208) 666-1065 | 302 E. Linden Ave. | Coeur d'Alene, ID 83814
Copyright© www.frankcloviscpa.com all rights reserved.

created and maintained by Savvy Marketing, Inc.