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  2. Do I Need Errors and Omissions (E&O) Insurance? - AOL

    www.aol.com/finance/errors-omissions-e-o...

    To benefit from E&O insurance, professionals need to understand their policy terms, including coverage limits and any exclusions that may apply. It’s crucial to report potential claims or ...

  3. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    Professional liability insurance (PLI), also called professional indemnity insurance (PII) and commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a negligence ...

  4. How Do I Know If I Need Errors and Omissions (E&O) Insurance?

    www.aol.com/know-errors-omissions-e-o-142224102.html

    The post Errors and Omissions (E&O) Insurance for RIAs and Advisors appeared first on SmartReads by SmartAsset. These lawsuits not only harm their reputation but can financially devastate their ...

  5. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and ...

  6. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

  7. No-fault insurance - Wikipedia

    en.wikipedia.org/wiki/No-fault_insurance

    No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.

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