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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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[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
PuppyBot
14:03
i need tips for not falling asleep at work
SaddestPortlander
14:03
drugs
PuppyBot
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
PuppyBot
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
PuppyBot
14:08
lily i broke a rubber band already
PuppyBot
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
oakenrays
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
oakenrays
14:13
whose manager can I call about that
lilypadfrog
14:14
I think the people in charge don’t come on here anymore but you can email them if you really care like that
llama
14:14
yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF
renard99
14:14
There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it
llama
14:14
send bid proposal Renard
renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
oakenrays
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
llama
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
llama
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
BulbasaurNoLikeCardio
14:16
@llama: back when 160s meant t14
oakenrays
14:16
born too late to experience full LSD born too soon to explore the galaxy
llama
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
llama
14:16
@lilypadfrog: wow more recent than i would have wagered
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