Generally speaking, most professionally licensed individuals should carry errors and omissions insurance and most of them do. However, what exactly are errors and omissions and is the requisite insurance worth the cost? While damage to property or bodily injury is generally covered by some form of general liability insurance, certain business and professional positions present a different dilemma. Mistakes happen and inadvertent omissions can also happen. Even when a professional has done their best, they may still have made an accidental error that could cost them dearly. Often it is not what a professional did, it is what they unknowingly did not do, or omitted without intent. Errors and Omissions Insurance