Why Errors and Omissions Insurance is Necessary for Your Law Firm
Errors and Omissions Insurance (E&O), also referred to as Professional Liability Insurance, provides a safety net for law firms. This insurance policy helps protect the assets of your law firm against claims of inaccurate advice, misrepresentation, and negligence. Basically, an E&O policy will provide a form of financial relief should a costly error or mistake be made.