errors and omissions


errors and omissions
Shorthand for malpractice insurance, which gives physicians, attorneys, architects, accountants, and other professionals coverage for claims by patients and clients for alleged professional errors and omissions that amount to negligence.
Category: Accidents & Injuries
Category: Small Claims Court & Lawsuits
Category: Working With a Lawyer

Nolo’s Plain-English Law Dictionary. . 2009.

errors and omissions
n.
   short hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence.

Law dictionary. . 2013.

Look at other dictionaries:

  • errors and omissions — Fin mistakes from incorrect record keeping or accounting. Abbr. E&O …   The ultimate business dictionary

  • errors and omissions insurance — Also known as professional liability insurance. Coverage designed to protect an insured against loss due to a claim of some negligent act, error, or omission by the insured. Practical Law Dictionary. Glossary of UK, US and international legal… …   Law dictionary

  • Errors And Omissions Insurance - E&O — A professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount… …   Investment dictionary

  • errors and omissions excepted — if there is an error the error can be corrected …   English contemporary dictionary

  • errors and omissions excepted — See E & OE …   Big dictionary of business and management

  • errors and omissions excepted — /ˌerəz ənd əυˌmɪʃ(ə)nz ɪk septɪd/ phrase words written on an invoice to show that the company has no responsibility for mistakes in the invoice. Abbreviation e. & o.e …   Dictionary of banking and finance

  • Net errors and omissions — In balance of payments accounting, net errors and omissions record the statistical discrepancies that arise in gathering balance of payments data. The New York Times Financial Glossary …   Financial and business terms

  • net errors and omissions — In balance of payments accounting, net errors and omissions record the statistical discrepancies that arise in gathering balance of payments data. Bloomberg Financial Dictionary …   Financial and business terms

  • net errors and omissions — Fin the net amount of the discrepancies that arise in calculations of balances of payments …   The ultimate business dictionary

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium


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