Terminology attorneys should know before purchasing an E&O policy for their practice.
Errors and Omissions insurance (E&O) is a unique form of professional liability insurance designed to protect law firms and title agencies against damages or the costs of defending lawsuits arising from errors or omissions in the performance of professional duties. An E&O policy often covers court costs, attorney fees, administrative costs for handling case files,…
What is E&O Insurance? Your Ultimate Guide to Errors and Omissions Insurance It’s designed to provide coverage or shield lawyers from financial losses arising from lawsuits instituted by clients for perceived errors stemming from their practice. A liability policy pays on behalf of the “Named Insured.” Read on to find out what is E&O insurance,…
Attorneys handling property transfer cases have a fiduciary responsibility to the title agent, escrow/closing agent, abstractor, title examiner, or notary public
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