The purpose of error omission insurance essentially revolves around protecting a business from negative backlash which can happen due to employee neglect harming a client or customer. Almost every single company in the world needs error omission insurance to some degree. A mature business will admit that mistakes happen and thorough services might not be supplied to the client due to oversights, and the insurance is there to pick up the slack. Every business or company might have an issue come up, and even those that have been around for decades understand this reality. Errors and Omissions Insurance