/ˈɛrərz ənd oʊˈmɪʃənz ˈɪnˈʃʊrəns/ – Phrase
Definition: Bảo hiểm lỗi và thiếu sót
A more thorough explanation: an agreement to indemnify for losses resulting from a mistake, but not the intentional wrongdoing, of the insured party
Example: Lawyers will often take out an E&O insurance policy to protect them in actions for damages resulting from their unintentional mistakes.