Definition: Errors and Omissions Insurance is a form of business insurance which protects companies and individuals from bearing the full cost of (defending against) a claim by a client who holds the firm responsible for an (advisory) service that was provided (or was failed to provide). |
More on insurance: Business Insurance, Business Interruption Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Insurance, more on insurance... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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