Insurance Agent Errors & Omissions Insurance


Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.

The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.

Learning Center


October 26th, 2012
WHAT IS A NON-ADMITTED OR SURPLUS LINES CARRIER?
October 1st, 2012
WHAT IS AN ADMITTED CARRIER?
September 20th, 2012
FINANCIAL RATINGS