E&O insurance is also known as professional liability insurance. It is designed to protect a business from the consequences of an error or omission made by the owner or an employee that results in a lawsuit. Companies who provide a service for a fee should acquire E&O insurance, as it covers certain situations that traditional business liability insurance does not. Professionals in the real estate industry, lawyers, insurance-related professionals, financial broker dealers and service firms like architects, designers and medical professionals should all consider purchasing errors and omissions insurance coverage. Not sure if this is for you? The licensed agents at Keslar Insurance can review your business and discuss the likely risks that may occur so you can consider the appropriate coverages for the things that are most likely to occur.