category
Real Estate E&O Real Estate E&O
topic
Applying For E&O Applying For E&O

What is E&O?

E&O stands for Errors & Omissions, a nickname for professional liability insurance. Any mistake made in the process of conducting your business activity carries liability. If someone finds that you breached your duty or failed to disclose aspects of a real estate transaction, Errors & Omissions insurance is designed to cover the costs of defending yourself against legal action and paying settlements or judgments issued against you.

Errors and Omissions coverage can also protect you from frivolous lawsuits. Even if you did everything right, you can still incur significant legal fees defending yourself if you don’t have E&O coverage.

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