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What is an Errors and Omissions Insurance? There is this

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What is an Errors and Omissions Insurance?

There is this :"Errors and Omissions Insurance" clause on the engagement letter from a law firm. It saids that the law firm "advises you that the law firm maintains errors and omissions insurance coverage applicable to the services to be rendered".

What does this mean?

Thank you for your question. Errors and Ommissions Insurance is another term for malpractice insurance. So, it is insurance to cover situations where the law firm may have been negligent in providing their services. If you would like to read much more detail about this issue, you can see a longer discussion at:
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