Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

errors and omissions

Read a random definition: Morgan Nick Alert

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.