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LSDefine

Simple English definitions for legal terms

errors and omissions

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A quick definition of errors and omissions:

Errors and omissions is a type of insurance that protects professionals from mistakes they make while doing their job. This insurance only covers accidental mistakes, not on purpose ones. For example, if a lawyer forgets to file an important document and their client loses money because of it, errors and omissions insurance can help cover the cost of the mistake.

A more thorough explanation:

Errors and omissions is a type of liability insurance that provides coverage to professionals against damage caused by their mistakes or omissions while providing professional services. This insurance is also known as E&O insurance.

Errors and omissions insurance only covers unintentional errors and omissions resulting from negligence. It does not cover intentional wrongs.

For example, a lawyer may carry errors and omissions insurance as part of their malpractice coverage. If the lawyer makes a mistake or omission while providing legal services to a client, and the client suffers damages as a result, the insurance can provide coverage for the lawyer's liability.

Another example could be a financial advisor who provides investment advice to a client. If the advisor makes a mistake or omission that results in financial losses for the client, the errors and omissions insurance can provide coverage for the advisor's liability.

These examples illustrate how errors and omissions insurance can protect professionals from liability for unintentional mistakes or omissions while providing professional services.

error | escalator clause

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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