Which policy protects professionals against lawsuits arising from errors or omissions in the service provided?

• A. Errors and Omissions (E&O) Insurance
• B. General Liability
• C. Professional Liability
• D. Property Insurance

Answer: (A)

Errors and Omissions Insurance protects professionals from lawsuits that arise when their services contain mistakes, negligence, or omissions. This policy is specifically designed to cover claims related to the quality of the professional work, including defense costs and settlements or judgments. General liability focuses on bodily injury or property damage and doesn’t address issues tied to professional services. Property insurance covers physical property losses and is not about service-related claims. While some contexts use the term professional liability, the policy that directly covers errors or omissions in professional services is E&O Insurance, making it the best answer.