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Errors and Omissions (E&O) Insurance Explained for Construction?

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Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Professional Liability Insurance Explained

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Professional liability insurance protects against claims related to professional negligence. For example, a professional liability policy for plumbers may have different coverages and exceptions than a policy drafted for a mason, since the two trades perform different services. What is professional liability insurance?