Florida Insurance Licensing Practice Exam

Errors and Omissions Liability insurance, also known as professional liability insurance, provides coverage for mistakes, oversights or acts of negligence that may occur during the performance of professional services. This is often more applicable for insurance agents and adjusters as their professional activities may involve advising and providing recommendations to clients, which are subject to error. The other options, owners protective liability and employment related practices liability are not as relevant as they apply more to property and employment related situations, respectively. Malpractice liability may also be referred to as medical malpractice liability, and it is specific to healthcare professionals, making it also not applicable in this situation. Therefore, errors and omissions liability is the most suitable type of liability insurance for insurance agents and adjusters.