errors and omissions insuranceBelieve or not sometime, error and omissions that can happen in a company can be covered by insurance. A question like what is errors and omissions insurance could come up if you don’t know. It is also known as professional liability insurance. If a company has a potential catastrophic, there must be a backup for that. It’s a protection of your technology business if a client alleges that your company was professionally negligent or failed to perform professional duties.