The Errors And Omissions Insurance covers persons with E&O liability exposure like council members of management committees of social clubs and condominiums.
Although these members usually offer their services without remuneration the Law does not exempt them if they are found to have failed in their duty of care.
The E&O Insurance indemnifies the Insured against their legal liability to pay damages and claimant’s costs and expenses arising from neglect, errors or omissions.
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