Errors and Omission Insurance
Errors and omissions (E&O) insurance is a form of liability insurance. It protects companies against the full costs of a claim made by a client against a professional who provides advice or a service such as a consultant, financial adviser, insurance agent or a lawyer. Insurance brokers, insurance dealers, registered investment advisers, financial planners and other financial professionals should obtain E&O insurance. Regulatory bodies such as FINRA often require E&O insurance.