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Is E and O insurance required?

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Is E and O insurance required?

Origin of the question is e o insurance subject matter

This question was addressed to me in exam.

Other related questions to my question are:

Does finra require E&O insurance?

What types of negligent acts might not be covered by the E & O policy?

What is E and O insurance and when is it required?

What should I look for in E&O insurance?

1 Answer

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The correct answer by me is: E&O insurance protects companies and professionals against claims of inadequate work or negligent actions made by clients. Anyone who provides a service requires E&O insurance including financial services, insurance agents, doctors, lawyers, and wedding planners.

The title of my answer can be Errors and Omissions Insurance (E&O) Definition

 You can read more about by answer on Investopedia

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