Errors & Omissions
Errors and Omissions (E&O) insurance definition for contractors and designers. Learn how professional liability protects against design mistakes.
Calculation Formula
Protection = Coverage for Professional Negligence - Deductible Real Contractor Example
An architect accidentally specifies the wrong load-bearing beam size. E&O insurance covers the $20,000 cost to replace it with the correct structural member.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.