Insurance errors and omissions insurance is an invaluable protection for real estate agents, insurance brokers, architects, insurance agents, third party administrators, et al. If an error, omission, or mistake causes financial harm to a customer or client this form of insurance is in place to help protect the company, individual, or professional in the event of an unintentional mistake. It covers such areas as defense for lawsuits, awarded damages, and any other item stated in the policy. Other names for this type of policy are E&O, Errors & Omissions Insurance, or Professional Liability Insurance. E&O Insurance