Errors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators, quality control workers, NDE Persons, and other business professionals. An error or omission -- a mistake -- which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect; a professional, an individual or a company, from bearing the full cost (up to the amount of the policy) of defense for lawsuits and related cost of lives or property lost relating to an error or omission in providing covered professional services.
This insurance is extremely cost-prohibitive, and unless required by contractual needs should be avoided. This is a separate coverage from a standard general liability or property insurance policy.
Not all auto policies are created equal. 
