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    reh1954's Avatar
    reh1954 Posts: 2, Reputation: 1
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    #1

    Mar 2, 2010, 08:57 AM
    What is purpose of omissions insurance policy
    Does insurance companies have a policy on themselves called an omissions policy
    reh1954's Avatar
    reh1954 Posts: 2, Reputation: 1
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    #2

    Mar 2, 2010, 08:58 AM

    Do insurance companies have policies on themselves called omissions policies.and what is the purpose
    nikosmom's Avatar
    nikosmom Posts: 1,611, Reputation: 488
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    #3

    Mar 26, 2010, 01:45 PM

    An Errors & Omissions policy protects the insurance company against agent mistakes. If a consumer acts on false information given and therefore is put in a position of loss as a result of being misinformed, then the agent's E & O policy will kick in to cover the loss.
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