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ERRORS AND OMISSIONS COVERAGE FORM Various provisions in this Coverage Part restrict coverage. Read the entire Coverage Part carefully to determine rights, duties, and what is and is not covered.
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What is errors and omissions coverage?
Errors and omissions coverage is a type of professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions.
Who is required to file errors and omissions coverage?
Certain professions such as insurance agents, real estate agents, accountants, and lawyers are required to have errors and omissions coverage.
How to fill out errors and omissions coverage?
To fill out errors and omissions coverage, you need to contact an insurance provider specializing in professional liability insurance and provide them with the necessary information about your business.
What is the purpose of errors and omissions coverage?
The purpose of errors and omissions coverage is to protect professionals and companies from financial losses resulting from claims of inadequate work, negligence, or errors.
What information must be reported on errors and omissions coverage?
Information such as the nature of the professional services provided, the limits of liability required, and any previous claims history must be reported on errors and omissions coverage.
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